2 1.46% annual daily profit is calculated as follows. According to relevant public information, the annual interest rate of 2 1.24% is equal to the daily interest rate of 0.058%. Daily interest rate = annual interest rate ÷356, that is, 2 1.24%÷365, and the calculated daily interest rate is 0.058%.
What is the annual interest rate of 2 1.24% equal to the daily interest rate?
What is the annual interest rate of 2 1.24% equal to the daily interest rate?
Converting the annual interest rate into a daily interest rate means dividing the annual interest rate by 365 days, which is the daily interest rate.
The annual interest rate of 2 1.24% is equal to the daily interest rate:
2 1.24%/365
=0.058 19%
What is the daily interest rate of 0.059% equal to the annual interest rate?
The daily interest rate multiplied by 30 is the monthly interest rate, and the daily interest rate is 0.059%, so the monthly interest rate is 0.059%X30= 1.77%, which means the monthly interest of 10,000 yuan is10000x1.77% =177 yuan. Then the annual interest rate = monthly interest rate * 12, which means the annual interest rate is 2 1.24%.
The annual interest rate is 2 1%. What is the monthly interest rate?
The annual interest rate of 2 1% is equivalent to the monthly interest rate of 1.75%. The annual interest rate is 2 1%, the annual interest of 1 ten thousand yuan is 2 100 yuan, and the monthly interest is 175 yuan. Generally, we can get the "annual interest rate" by multiplying the "monthly interest rate" by 12, and then divide it by 12 to get the "monthly interest rate".
Suppose the principal of a loan is 6,543,800 yuan, the term is 654.38+ 02 months, and the annual interest rate is 6% (which is commonly known as 6 points). Then, its monthly interest rate is 6%/ 12=0.5%, which is commonly known as "5% monthly interest". On the contrary, when the monthly interest rate is known to be 0.5%, the annual interest rate of the loan obtained by using 0.5%* 12 is 6%. It is worth noting that this simple conversion method is only applicable to loans from regular banks, and the repayment method of loans is equal principal and interest or interest before principal. Interest conversion of credit card installment and loans from non-bank institutions is not applicable.
I. Annual interest rate:
The annual interest rate refers to the one-year deposit rate. 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 within 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. When the economic development is in the growth stage, the investment opportunities of banks increase, the demand for loanable funds increases and interest rates rise; On the other hand, when the economic development level is low and the society is in a depression period, banks' willingness to invest will decrease, and the demand for loanable funds will naturally decrease, and the market interest rate will generally be low.
Calculation: If the deposit is 65,438+000 yuan and the bank promises to pay an annual interest rate of 4.2%, then the bank needs to pay the interest of 4.2 yuan in the coming year. The calculation formula is 100×4.2% = 4.2 yuan formula is: interest rate = interest ÷ principal ÷ time×100% interest = principal× interest rate× time = 60.
Second, the monthly interest rate:
The monthly interest rate refers to the monthly interest. The monthly interest rate is expressed as several thousandths of the principal. The monthly interest announced by the bank is basically expressed after one year. For example, the annualized deposit interest rate for three months is 2.6% (the bank is listed), but the actual rate of return for the current period is only 0.65%, the annual interest rate is generally% (percentage), and the monthly interest rate is generally expressed as ‰ (one thousandth); The daily interest rate is expressed as a few tenths of the principal, usually called a few cents. If the daily interest rate is 1%, that is, the principal is 1 yuan, the daily interest rate is 0.005438+0 yuan. (1% =0.00 1 yuan, one point =0.000 1 yuan) Calculation formula: daily interest rate _ annual interest rate ÷360= monthly interest rate ÷30.
Three. Conversion formula between annual interest rate and monthly interest rate:
The formula for converting annual interest rate into monthly interest rate is: monthly interest rate = annual interest rate/12. For example, the annual interest rate is 7.05%, and the monthly interest rate is 7.05%/ 12=5.875‰. The deposit interest rate of general banks is expressed at the annual interest rate, while the interest rate of mortgage contracts is expressed at the monthly interest rate. The formula for converting annual interest rate into monthly interest rate is: monthly interest rate = annual interest rate/12. For example, the annual interest rate is 7.05%, and the monthly interest rate is 7.05%/ 12=5.875‰. The deposit interest rate of general banks is expressed at the annual interest rate, while the interest rate of mortgage contracts is expressed at the monthly interest rate.
Expected annualized rate of return is the annualized rate of return determined or calculated by banks and other institutions when issuing wealth management products. It is not fixed, but floating, that is, the wealth management product may or may not expire when it expires. Even banks and other institutions cannot accurately predict the future, which requires customers to have self-judgment and psychological preparation when preparing to buy. The annual deposit interest rate is set by the People's Bank of China and reported to the State Council for approval. This is mandatory and all financial institutions must conscientiously implement it.