The annual interest rate is generally expressed as a percentage, such as 1 1%, the monthly interest rate is generally expressed as one thousandth, such as 6‰, and the daily interest rate is several ten thousandths. Usually the interest rate of five ten thousandths is the daily interest rate, and the annual interest rate can be converted into monthly interest rate and daily interest rate, and vice versa.
Annual interest rate calculation formula = total interest 1 year/deposit (loan) principal ×100%;
Conversion formula of annual interest rate, monthly interest rate and daily interest rate: annual interest rate = monthly interest rate × 12 (month) = daily interest rate ×360 (day).
If the annual interest is 300 yuan and the deposit principal is 10000, the annual interest rate is 300/ 10000 = 3% (monthly interest rate and daily interest rate can be calculated according to the conversion formula).
Extended data
According to the one-year time deposit interest rate of major banks in 2020, the interest rate of 65,438+10,000 yuan one-year time deposit is between 654.38+0.500 yuan -2.835 yuan, and the interest rate of different bank deposits is different.
According to the central bank's benchmark interest rate of 6,543,800 yuan.
According to the latest benchmark interest rate of the central bank, the one-year time deposit interest rate is 1.50%, which has not been adjusted since it was adjusted in 20 15 years.
This is the deposit interest rate of banks in some parts of China this year. The interest rate of one-year time deposit is the lowest 2.5% and the highest 2.835%. If 6,543,800 yuan is calculated according to the highest one-year fixed deposit rate of Changsha Bank, the annual interest rate is: 654.38+ 10,000 * 2.835% * 654.38+ 0 years = 2,835 yuan, namely