The calculation of five thousandths is the calculation of five thousandths of interest. The calculation formula is: interest = principal × interest rate × term. The interest rate of five thousandths is interest = principal ×0.05%× term. If the loan is 10,000 yuan and the monthly interest rate is five thousandths, then the loan interest generated in one month is 50, and the loan interest generated in one year is 600.

The role of interest rate

Interest rate refers to the ratio of the interest generated by the maturity of the loan to the loan amount, which has the following economic development functions:

1, contact countries, enterprises and individuals to promote the communication between the financial system and the commodity sales market;

2. Interest rate has the distribution function of gross national product and initial distribution; It has the adjustment function of coordinating the interests of China, enterprises and myself; It has the power to promote social development; It has the function of manipulating major economic activities within the scope of balanced and harmonious development trends;

3. Interest rate In the theme activities of macroeconomic policies, the countermeasures can be adjusted according to the loss of deposit income. For example, raising interest rates can increase household deposits; According to the cost of project investment, the total investment and project investment structure of social development projects can be adjusted, and raising interest rates will reduce the total investment of social development projects. Different interest rates can adjust the total deposit and investment of social development projects.