The loan is 50,000.00 yuan, and the bank interest paid for one year is calculated as follows: 50,000 x 3.99% x1=1995.00 yuan.
Interest refers to the reward obtained by the fund owner from lending the fund, which comes from part of the profits formed by the producers using the fund to play their business functions. Interest is one of the manifestations of the time value of funds. From its formal point of view, it is the reward that the monetary owner gets from the borrower for issuing monetary funds.