Calculation process: interest = principal × interest rate× term = 10000×0.05%× 1=5 yuan.
The interest calculation formula is: interest = principal × interest rate× deposit period × 100%.
Extended data:
As the use price of funds, interest plays a very important role in the market and economic operation, mainly in the following aspects:
1, the function that affects enterprise behavior
As the occupation cost of an enterprise, interest directly affects the economic benefits of the enterprise. In order to reduce costs and improve efficiency, enterprises should do everything possible to reduce the amount of funds, and at the same time compare the costs of various financing methods in the process of financing. If enterprises in the whole society regard saving interest expenses as a common behavior mode, then the efficiency of economic growth will certainly be improved.
2. Functions that affect residents' asset selection behavior.
With the increasing real income level and savings rate of Chinese residents, asset selection behavior has emerged. The increase of financial instruments provides an objective basis for residents' asset selection behavior, and interest income is the main incentive for residents' asset selection behavior.
Baidu encyclopedia-interest