One-cent interest refers to the interest of one month 1%, that is to say, the interest of one year 12% is close to the annual interest rate of 10%. One plum 1‰, annual interest rate 12‰.

For example, the principal 10000 yuan, the daily interest rate of 1% is:10000 * 0.01%=1yuan interest; One point of daily interest is:10000 * 0.1%=10 yuan interest.

1 = 10%.

One percent interest on a loan is one thousandth of the loan amount. In private lending, borrowers and borrowers often agree on loan interest in the form of "a few cents" or "a few cents", usually referring to monthly interest, for example, annual interest 1% is 1%, monthly interest 1% is 0. 1%, and daily interest/kloc-0. Banks generally use annual interest rates, which are converted into monthly interest rates and daily interest rates according to specific purposes.

"One cent" is the monthly interest, calculated at 1% of the loan amount. If the borrower borrows 1 ten thousand yuan, the interest generated in one month is 1 0/%of ten thousand yuan, that is, 100 yuan.

"One cent" is one tenth of a cent, and the interest is calculated on a monthly basis at one thousandth of the loan amount. If the borrower borrows 1 ten thousand yuan, then the interest for one month is 10 yuan.