If I have a debt of 16,000,000,000,000. And I pay 1% per year how much do I pay per day?
1% of 16,000,000,000,000 = (0.01)(16,000,000,000,000) = 160,000,000,000
160,000,000,000 = how much you pay per year
160,000,000,000/365 ≈ 438,356,164
438,356,164 ≈ how much you pay per day
