First of all, we often hear "a few percent" and "a few cents", which are popular expressions of loan interest rates. And "2%" usually refers to "2% monthly interest", which means 0.2% monthly interest.
When the monthly interest rate of the loan is 2%, namely 0.2%, the corresponding annual interest rate is 0.2%* 12=2.4%.
If we borrow RMB 65,438+000,000 at a monthly interest rate of 0.2% for a period of 65,438+02 months, the monthly interest will be:
Monthly interest = loan principal * monthly interest rate of loan = 65438+ ten thousand * 0.2%=200 yuan.
The monthly interest 200 yuan is multiplied by 12 to get a loan of100000 yuan, and the interest to be repaid for 12 months is 2400 yuan.
Seeing this, you should understand what 2% interest means, right? Objectively speaking, such a low loan interest rate is still very small, and it is usually difficult to borrow money from financial institutions such as banks.
Related questions and answers: What is the interest rate of 8.5% for monthly payment 1. 1 ten thousand? 8% interest is 50,000 yuan, one-month interest = 50,000 x 0.8% = 400 yuan, and one-year interest = 400 x12 = 4,800 yuan. If it is one year, the monthly repayment amount with interest = 50000/ 12+400 = 4566.7 yuan. If it is five years.
Related Q&A: The interest on the principal of 60,000 yuan is 2%. How much interest is there a year? Hello, I'm Snowball, and I'm glad to answer this question.
As for the topic "The principal is 60,000 yuan, the interest rate is 2%, and how much interest is there in one year", this is very simple, because the interest rate of one-year time deposit in commercial banks is 1.95%, which is nearly 2%. According to this idea, if the principal is 60,000 yuan, the annual interest is 60,000 * 2% = 1.200 yuan.
2% annual interest, which means 100 yuan and interest in 2 yuan, 1000 yuan and interest in 20 yuan, and 10000 yuan and interest in 200 yuan.
Because the subject didn't say whether it was daily interest or monthly interest, I calculated it according to the normal understanding and annual interest. Please correct me if there is anything wrong.