0.6% is a monthly interest rate of 0.6%, commonly known as 6% interest, which can be a loan interest rate or a deposit interest rate.
If it is a deposit interest rate, the interest calculation formula is: interest = principal × interest rate × assuming that 10,000 yuan is deposited for one year, interest = 10,000 × 0.6% × 12 = 720 yuan.
If it is a loan interest rate, under the equal principal repayment method, the interest = [(total loan amount ÷ number of repayment months total loan amount × monthly interest rate) total loan amount ÷ number of repayment months × ( 1 month interest rate)]÷2×repayment month-total loan amount. Assuming a loan of 10,000 yuan for one year, the interest is 390 yuan;
Under the equal principal and interest repayment method, the total interest = (number of repayment months 1) × loan amount × monthly interest rate ÷ 2. Assume loan 1 If you borrow 10,000 yuan for one year, the interest will be about 394.28 yuan.