Explanation:
1. First, we need to calculate the interest of the loan. According to the information given in the title, the loan amount is 200,000 and the interest rate is 5%(5%). Therefore, we can use the following formula to calculate interest: interest = loan amount × interest rate = 200,000× 0.05 = 654,380+00,000 yuan.
2. Interest is the extra fee to be paid during the loan period, which is calculated according to the loan amount and interest rate. In this case, the interest rate is 5%, which means that 5% of the loan amount needs to be paid as interest every year.
Summary:
The loan amount is 200,000 yuan, and the interest rate is 5%, so the interest is 10000 yuan.
Extended data:
Loan interest is a fee charged to financial institutions that provide loans to borrowers. Interest rate is one of the key factors to determine the amount of interest. The calculation method of loan interest can be different according to different loan types and interest rate regulations. In China, according to the provisions of relevant laws and regulations, financial institutions should clearly inform borrowers of the possible costs such as loan interest rates and repayment methods, and charge them legally and legally.