Annualized interest rate (simple interest) 8. 1% or 8.52%, which is higher?
The annualized interest rate (simple interest) is 8.52%. For example, if 65,438+00,000 yuan is multiplied by 8.65,438+0% and 8.52% respectively, the value will be 8.52% higher, and the annualized interest rate (simple interest) of 8.52% will be higher than 8.65,438+0%. The annual interest rate refers to the deposit interest rate for one year. The so-called interest rate is the abbreviation of interest rate, which refers to the ratio of interest amount to deposit principal or loan principal in a certain period of time. Usually divided into annual interest rate, monthly interest rate and daily interest rate. The annual interest rate is expressed as a percentage of the principal, the monthly interest rate as a percentage, and the daily interest rate as a percentage. Simple interest: refers to the calculation of interest and compound interest according to the fixed principal: refers to the calculation of interest for the principal for the second time after the interest is generated in the first period, including the principal and the interest generated for the first time.