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What is the annual interest rate of 24 on ten thousand yuan?

If the annual interest rate of 10,000 yuan is 24, that is how much interest can be obtained in one year.

Answer:

Yes. The annual interest rate of 10,000 yuan is 24, which means that the amount will increase by 2,400 yuan in interest in one year.

Instructions:

1. Based on the information in the question, we assume that interest is calculated as simple interest.

2. The annual interest rate of 24 can be converted into a decimal form of 0.24, which represents the proportion of annual interest to the principal.

3. Interest = principal × annual interest rate, so the interest on 10,000 yuan is 10,000 × 0.24 = 2,400 yuan.

Summary:

Ten thousand yuan is deposited at an annual interest rate of 24, and you can get an interest of 2,400 yuan after one year. Please note that this is just a simple calculation and does not take into account other factors such as compound interest.

Extended information:

Interest rate refers to the percentage of fees or remuneration paid by the borrower to the lender in a lending transaction. The level of interest rates has an important impact on both borrowers and lenders. Typically, higher interest rates mean borrowers pay more, while lower interest rates make it cheaper to borrow money. The determination of interest rates is affected by many factors, such as market demand, inflation rate and monetary policy. In actual situations, the calculation of interest rates may also need to consider other factors, such as compound interest, handling fees, etc.