Understand first: one centimeter = 0. 1 minute = 0.0 1 hair (angle) = 0.00 1 yuan.
That is, the interest rate is percent (interest rate), and the key points for calculating the interest generated by the loan are: converting the unit percentage into the unit yuan.
Formula: interest = principal × several centimeters× 0.001.
For example, a loan from a bank 10000 yuan, with a monthly interest rate of 5%.
Then the interest calculation formula for one month is: 10000× 5× 0.005438+0 = 50 yuan.
Extended answer:
Interest: refers to the remuneration received by the currency holder (creditor) from the borrower (debtor) for lending money or monetary capital. Including deposit interest, loan interest and interest generated by various bonds.
Under the capitalist system, the source of interest is the surplus value created by hired workers. The essence of interest is a special transformation form of surplus value and a part of profit.
Calculation formula of interest: interest = principal × interest rate × deposit term.
References:
Baidu encyclopedia? interest
How much is the loan from 244,000 to 300,000?
5%.
If the percentage of the loan represents the loan interest rate, it can usually be understood as a few percent. If the loan interest rate is 6%, we can understand it as 0.6% annual loan interest rate or 0.6% monthly loan interest rate. But generally speaking, the unit of loan interest rate is%, which means the monthly loan interest rate. For example, if the loan interest rate is 8%, the loan term is 2 months, and the loan amount is 10000 yuan, then the interest is 10000 times 0.8% times 2 equals 160 yuan.
The formula for converting centimeters into minutes is: 1 0cm equals 1 min equals1min. A few cents is a common unit of interest, usually expressed as monthly interest. 20 points is equivalent to 2 points of monthly interest, 2% of monthly interest, which is what people usually call 2 points of monthly interest. For example, if you borrow 1 10,000, the interest will be 3 points, that is, the monthly interest rate will be 30% and 3%. The interest on a one-month loan is 10000 times 3%, which is equal to 300.
Can't figure out the conversion and expression of bank interest cents?
1. The conversion formula of one minute, one minute and one centimeter: point = minute = 10× centimeter.
2.① A point refers to one percentage point, namely 1%.
(2) One point refers to one percent of RMB, that is, one month's interest 1%.
③ One point refers to one thousandth of RMB, that is, the monthly interest of 0. 1%.
3. Deposit interest
Deposit interest refers to the interest paid by the bank to depositors. The amount of deposit interest varies with the type of deposit and the length of term. The longer the deposit period, the higher the interest income of depositors; Demand deposits are the most unstable, so depositors have the lowest interest income.
Chinese name Depositinterest mbth deposit interest attribute bank pays interest to depositors. Demand deposits are the most unstable.
definition
Symmetrical deposit interest of "loan interest" must be included in the bank's operating costs. The amount of deposit interest varies with the type of deposit and the length of term. The longer the deposit term, the more interest income the depositor has, and the lowest interest income is due to the instability of demand deposits. Commercial banks in some countries don't even pay interest on demand deposits.
computing formula
Deposit interest = deposit principal × deposit interest rate × deposit term. According to the different deposit term, deposit interest can also be divided into annual interest, monthly interest and daily interest. It should be noted that the deposit interest rates published by general banks are annual interest rates, and the deposit interest is not simply the principal multiplied by the interest rate, but also combined with the deposit term. For example, a bank's three-month fixed interest rate is 1.9 1%, so the interest due is 1.9 1/4 = 0.48 yuan instead of 1.9 1 yuan.
Deposit type
(1) company deposits. This is a temporary idle monetary fund generated by state-owned enterprises, supply and marketing cooperatives and collective industrial enterprises due to the inconsistency between sales revenue and various expenditures. It also includes all kinds of special funds extracted but not used by enterprises, the most important of which is the depreciation fund of fixed assets, including profit retention. The change of enterprise deposits depends on the scale of purchase and sale of goods produced by enterprises and their operating conditions. With the expansion of production or commodity circulation, corporate deposits will increase and vice versa.
(2) fiscal deposits. As the national treasury, all financial revenues and expenditures must be handled through the bank (see the national treasury).
(3) Capital construction deposits are deposits formed by funds used for capital construction but not yet spent.
(4) Deposits of organs, organizations and troops. It is the deposit formed by unused funds brought by the above-mentioned units from financial concentration.
⑤ Rural deposits. The deposits of collective agriculture, township enterprises and rural credit cooperatives in banks, of which rural credit cooperatives account for more than 90%.
How to convert the interest mentioned by the bank between one point, one point and one point,
1, conversion formula of one minute, one minute and one centimeter:
Point = minute = 10× cm
2.① A point refers to one percentage point, namely 1%.
(2) One point refers to one percent of RMB, that is, one month's interest 1%.
③ One point refers to one thousandth of RMB, that is, the monthly interest of 0. 1%.
Interest profile:
Interest refers to the reward that the currency holder (creditor) gets from the borrower (debtor) for lending money or monetary capital. Including deposit interest, loan interest and interest generated by various bonds. Under the capitalist system, the source of interest is the surplus value created by hired workers. The essence of interest is a special transformation form of surplus value and a part of profit.
Influencing factors of interests:
First, the amount of interest depends on three factors: principal, deposit period and interest rate level.
Two. The calculation formula of interest is: interest = principal x interest rate x deposit term.
3. According to Guo Shui Han [2008] No.826 of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC), personal income tax on savings deposit interest will be temporarily exempted from collection from June 5, 2008+10/October 9. Therefore, the interest tax on savings deposits is temporarily exempted.