One interest refers to one month 1% interest, that is to say, one year 12% interest, which is close to 10% annual interest. One percent interest is 1‰, and the annual interest rate is 12‰.
For example, the principal 10000 yuan, the daily interest rate of 1% is:10000 * 0.01%=1yuan interest; The daily interest for one minute is10000 * 0.1%=10 yuan. 1 = 10%.
Interest is the use fee of money in a certain period of time, and it refers to the reward that money holders (creditors) get from borrowers (debtors) for lending money or monetary capital. Including deposit interest, loan interest and interest generated by various bonds. Under the capitalist system, the source of interest is the surplus value created by hired workers. The essence of interest is a special transformation form of surplus value and a part of profit.
Extended data:
The amount of interest depends on three factors: principal, deposit period and interest rate level.
The calculation formula of interest is: interest = principal x interest rate x deposit term.
Interest (year) = principal × annual interest rate (percentage) × deposit period
Or interest = principal × interest rate× time
Deposit interest = principal x days x listing interest (daily interest rate) = interest-bearing days x daily interest rate
Interest tax = deposit interest (income tax payable) × applicable tax rate
What does a penny loan mean?
One loan point refers to the monthly loan interest rate 1. 1%, which is converted into the annual interest rate1.1%*12 =13.2%. If it is a private lending rate, this interest rate does not exceed the upper limit of interest rate protection, and the interest rate is within the scope of legal protection. And this interest rate is the financial loan interest rate, which is also within the scope of legal protection. If the loan interest rate applied by the user is 10 cents, you can apply with confidence.
In addition, the loan interest rate applied by the user is within the legal range, so the user needs to repay the loan on time, otherwise the lending institution will sue the court and the court will provide legal protection.
What do you mean by a loan with one interest and one interest?
One interest represents 10%, and one interest represents 1%. Sometimes it is clear that the interest of a dime is the monthly interest, which is quite high.