Current location - Loan Platform Complete Network - Bank loan - The annual interest rate of the loan of 300,000 yuan is 8.0 100%. How much is the interest for one year?
The annual interest rate of the loan of 300,000 yuan is 8.0 100%. How much is the interest for one year?
The annualized interest rate of 300,000 yuan is 8%, and the interest income is 24,000 yuan.

If the annual interest rate is 8.0 1% and the principal is 10000 yuan, then the interest earned in one year is 10000 yuan *8%=8 10 yuan. The calculation formula of interest is: interest = principal × interest rate × time; The formula of interest rate is: interest rate = interest ÷ principal ÷ time × 100%, and interest is mainly determined by interest rate.