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To earn an interest of 10,000 KRW per day, the principal amount will vary significantly depending on the annual interest rate.
Let's look at a few scenarios to calculate the required principal:
- If the annual interest rate is 1%:
- 10,000 KRW per day equals approximately 3,650,000 KRW per year (10,000 KRW * 365 days).
- Therefore, the principal needed would be 3,650,000 KRW / 0.01 = 365,000,000 KRW.
- If the annual interest rate is 2%:
- The principal needed would be 3,650,000 KRW / 0.02 = 182,500,000 KRW.
- If the annual interest rate is 5%:
- The principal needed would be 3,650,000 KRW / 0.05 = 73,000,000 KRW.
In summary, the higher the interest rate, the less principal you need.
To tell you the exact principal, I would need to know the annual interest rate of the deposit account (e.g., savings account, time deposit).
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