The annual interest rate of bank loans is 3.85%. If the calculation method of one-time repayment of principal and interest is adopted, the loan interest is the loan principal *3.85%* loan term (year). However, if you use equal principal and interest or equal principal repayment, because the formula is complicated, we will not write the formula here for the time being, and users can use the calculator provided online to calculate the corresponding interest.
In a word, the loan interest rate of 3.85% belongs to the lower loan interest rate, and the bank loan can be obtained at this interest rate, which shows that the credit qualification conditions of users are excellent.
The calculation method of annual interest rate is: interest = annual interest rate * deposit amount * years. If you deposit 654.38+100000 yuan in the bank for two years, the annual interest rate is 3.85%, the interest after two years is 770 yuan, and the sum of principal and interest is 654.38+00770. However, if you make a time deposit for one year, you will enjoy compound interest. The interest in the first year is 385 yuan, the interest in the second year is 399.8 yuan, and the principal plus interest is 10784.8. The daily interest rate is usually expressed as a few ten thousandths of the principal and is calculated on a daily basis. The specific calculation formula is: daily interest rate = annual interest rate +360= monthly interest rate+30; The monthly interest rate is expressed as a few thousandths of the principal, and the interest is calculated monthly. The specific calculation formula is: monthly interest rate = annual interest rate+12= daily interest rate *30.