The monthly interest rate is 2%. Is the annual interest rate 9 high?

This interest rate is not high.

2.9% interest generally refers to the monthly loan interest rate agreed between the lender and the borrower, that is, the lender borrows from the borrower 1 yuan, the monthly loan interest is 0.0029 yuan, and the loan interest available in 1 year is 0.0029 * 12 months =0.034 yuan. That is, the annual interest rate of the loan is 3.4%. It is 3.85% lower than the quoted interest rate of 1 year loan market. Not tall.

If it is a deposit interest rate, it is relatively high, higher than the bank savings deposit interest rate in the same period, and similar to the bank wealth management dividend interest rate in the same period. If it is a loan interest rate, it is relatively low.

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