Interest is 8%, that is, the monthly interest rate is 8%, that is, the monthly interest rate is 0.8%. Specific calculation formula: interest = principal × interest rate × deposit period. For example, the principal is 10 thousand, and the deposit period is one year. Then the annual interest =10000× 0.8 %×12 = 960 yuan, which means that the 8% interest is converted into annual interest: 0.008x 12 (month )×100 = 0.096x/kloc-. Extended data:
Interest refers to the reward that the currency holder (creditor) gets from the borrower (debtor) for lending money or monetary capital. Including deposit interest, loan interest and interest generated by various bonds. Influencing factors of interest: the amount of interest depends on the following three factors: principal, deposit period and interest rate level. The calculation formula of interest is: interest = principal x interest rate x deposit period. According to State Taxation Administration of The People's Republic of China Guoshuihan [2008] No.826, since June 9, 2008, personal income tax on savings deposit interest is temporarily exempted. Therefore, the interest tax on savings deposits is temporarily exempted. Interest rate refers to the ratio of the amount of interest to the amount of borrowed funds (principal) in a certain period. Interest rate is the main factor that determines the capital cost of enterprises, and it is also the decisive factor for enterprises to raise funds and invest. To study the financial environment, we must pay attention to the current situation and changing trend of interest rates. Interest rate refers to the ratio of the interest amount due in each period to the par value of the borrowed, deposited or borrowed amount (called the total principal). The total interest of the lent or borrowed amount depends on the total principal, interest rate, compound interest frequency and the length of time of lending, deposit or borrowing. Interest rate is the price that the borrower needs to pay for the money borrowed, and it is also the return that the lender gets by delaying his own consumption and lending it to the borrower. The interest rate is usually calculated by the percentage of one-year interest to the principal. Generally speaking, interest rates are expressed by annual interest rate, monthly interest rate and daily interest rate. In modern economy, interest rate, as the price of capital, is not only restricted by many economic and social factors, but also has a great influence on the whole economy. Therefore, modern economists pay special attention to the relationship between various variables and the balance of the whole economy when studying the decision of interest rate. Interest rate determination theory has also experienced the evolution and development of classical interest rate theory, Keynesian interest rate theory, loanable funds interest rate theory, IS-LM interest rate analysis and contemporary dynamic interest rate model.
How to calculate 2.8% bank interest?
8% interest is equivalent to 0.8% monthly interest rate. Because the monthly interest rate multiplied by twelve is the annual interest rate, the annual interest rate converted from 0.8% of the monthly interest rate is 120.8%=9.6%. This interest rate is still very high. If the interest is calculated on the principal of100,000 yuan at this interest rate, the interest will be 65,438+0,000,009.6% 5 = 48,000 yuan after five years, and the total principal and interest will be 65,438+0,000,004,800 yuan. Here, interest is equal to the product of principal and annual interest rate and years.
How much is the interest of 3.8%?
8% interest usually refers to the monthly interest rate, that is, the monthly interest rate is 8‰ or 0.8%.
Interest = principal × interest rate× deposit term
Assuming 1 10,000 yuan, the term is one year.
One-year interest =10000× 0.8 %×12 = 960 yuan.
What's the interest rate of 8%
The interest rate is 8%, which means the monthly interest rate is 8%.
Specific calculation formula:
Interest = principal × interest rate× deposit term
For example, the principal 10000 yuan, with a term of one year.
Then the annual interest = 10000× 0.8 %× 12 =
In other words, the interest rate is 8%
0.008x 12 (month) x 1 100=9.6%.
Extended data:
Interest refers to the money paid by the borrower for lending money or monetary capital. Including deposit interest, loan interest and interest generated by various bonds.
Influencing factors of interest: the amount of interest depends on the following three factors: principal, deposit period and interest rate level.
The calculation formula of interest is: interest = principal x interest rate x deposit term.
According to the provisions of People's Republic of China (PRC) State Taxation Administration of The People's Republic of China Guoshuihan [2008] No.826, personal income tax is the interest income from 20 deposits, so I am saving now.
Interest rate refers to the ratio of the amount of interest to the amount of borrowed funds (principal) in a certain period. The main factor of the level is also the financial environment for enterprises to raise funds, so we must pay attention to the current situation and changing trend of interest rates.
Interest rate refers to the interest due in each period of the amount borrowed, deposited or borrowed (called the total principal). The total interest depends on the total principal, interest rate, compound interest frequency and the length of time of lending, deposit or borrowing. Interest rate is the price that the borrower needs to pay for the money borrowed, and it is also the return that the lender gets by delaying his own consumption and lending it to the borrower. The interest rate is usually one-year interest and principal.
Generally speaking, the interest rate is based on the measured monthly interest rate and daily interest rate.
The current price is not only restricted by many economic and social factors, but also the change of interest rate has a great influence on the whole economy. When deciding a problem, pay special attention to the relationship between various variables and the balance of the whole economy. Interest rate determination theory has also experienced the evolution and development of classical interest rate theory, Keynesian interest rate theory, loanable funds interest rate theory, IS-LM interest rate analysis and contemporary dynamic interest rate model.