The annual interest rate is generally% (percentage), and the monthly interest rate is generally expressed as ‰ (one thousandth); The daily interest rate is expressed as a few tenths of the principal, usually called a few cents.
If the daily interest rate is 1%, that is, the principal is 1 yuan, the daily interest rate is 0.005438+0 yuan. (1% =0.00 1 yuan, 10 cents =0.000 1 yuan)
So 1 Li is equivalent to 0. 1% interest rate.
Take the principal of 1 ten thousand yuan as an example, according to the formula: interest = principal * interest rate.
The formula can be obtained as follows: interest =10000 * 0.1%=10 (yuan)
Extended data:
Influencing factors of interest rate:
1, central bank policy
Generally speaking, when the central bank expands the money supply, the total supply in loanable funds will increase, the supply exceeds demand, and the natural interest rate will decrease accordingly; On the contrary, the central bank implements a tight monetary policy to reduce the money supply, so that the demand in loanable funds exceeds the supply, and the interest rate will rise accordingly.
2. Price level
Market interest rate is the sum of real interest rate and inflation rate. When the price level rises, the market interest rate also rises accordingly, otherwise the real interest rate may be negative. At the same time, due to rising prices, the public's willingness to deposit has declined, while the demand for loans from industrial and commercial enterprises has increased. The imbalance between deposit and loan caused by loan demand exceeding loan supply will inevitably lead to an increase in interest rates.
3. Stock and bond markets
If the securities market is on the rise, the market interest rate will rise; On the contrary, interest rates are relatively low.
4. International economic situation
Changes in a country's economic parameters, especially exchange rate and interest rate, will also affect the fluctuation of interest rates in other countries. Naturally, the rise and fall of the international securities market will also bring risks to the interest rates faced by international banking business.
Baidu encyclopedia-monthly interest rate