(1) simple interest = principal * annual interest rate * term = 200,000 * 5% * 3 = 30,000 = 30,000 yuan principal+interest = 200,000+30,000 yuan = 230,000 yuan.
(2) After compound interest, principal+interest = principal *( 1+ annual interest rate) year = 200,000 * (1+5%) 3 = after compound interest, 23 1525 yuan = after compound interest+interest-principal = 236,544.
Simple interest method simple interest method is a method to convert the time value of funds. In this way, the principal is calculated with interest, and interest is no longer accrued. The difference between the compound interest method and simple interest method is that the interest of the previous period is added to the principal of the next period, and the interest of the next period is calculated according to the sum of principal and interest. Obviously, when P, I and N are the same, the interest calculated by the compound interest method is greater than that calculated by simple interest method.
Private lending is a kind of private financial activity with a long history and widespread worldwide, which mainly refers to the financing behavior between natural persons, between natural persons and legal persons or other organizations, and between legal persons or other organizations with money or other securities as the target. Financial institutions and their branches established with the approval of the financial regulatory authorities to engage in loan business, provide loans and other related financial services do not belong to the category of private lending.
Private lending can occur between natural persons, natural persons and legal persons or other organizations, legal persons and other organizations, and natural persons and legal persons. Where a legal person or other organization raises funds from employees in the form of loans for the production and operation of the unit, as long as there are no circumstances as stipulated in Article 52 of the Contract Law of People's Republic of China (PRC) and Article 14 of the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases, the private lending contract is valid.
The debit and credit bookkeeping method refers to a double-entry bookkeeping method with accounting equation as the bookkeeping principle and borrowing as the bookkeeping symbol, which reflects the increase and decrease of economic business. The bookkeeping symbols of debit and credit bookkeeping method are "debit" and "loan", including account structure such as assets, liabilities and owners' equity, which has the advantages of preventing and reducing bookkeeping errors, flexible account setting and convenient accounting computerization.