The interest rate of 1.5 points is calculated as follows: 1. 1.5 points is the monthly interest rate. For a monthly loan of 10,000 yuan, the monthly interest payable is 150 yuan; for a one-year loan, 1,800 yuan of interest should be paid; Similarly, for a monthly loan of 100,000 yuan, the monthly interest payable is 1,500 yuan; 2. The formula is as follows, you can use it: loan amount * 1.5% * month.

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Interest is the fee for the use of currency within a certain period of time, which refers to what the currency holder (creditor) receives from the borrower (debtor) for lending currency or currency capital. of remuneration. Including interest on deposits, loans and various bonds. Under capitalism, the source of interest is the surplus value created by wage workers. The essence of interest is a special transformation form of surplus value and is a part of profit.

Theoretical basis

Marxist political economics perspective

Marxism believes that interest is essentially a part of profit and a transformed form of surplus value. Money itself cannot create money and will not increase in value on its own. Only when functional capitalists use money to purchase the means of production and labor force can surplus value be created through the labor of hired workers in the production process. By virtue of their ownership of capital, money capitalists share the surplus value with functional capitalists. Therefore, the separation of capital ownership and capital use rights is an inherent prerequisite for the generation of interest. Due to the characteristics of the reproduction process, the coexistence of capital surplus and capital shortage is the external condition for the generation of interest. Money becomes capital when it is appropriated by a capitalist and used as a means of exploiting the surplus value of wage workers. Money performs the function of capital and acquires an additional use value, that is, the ability to produce average profits. All capitalists are motivated by the pursuit of surplus value, and profits are transformed into average profits. The average profit is divided into interest and business owner income, which belong to different capitalists. Therefore, interest is essentially the same as profit. It is a transformed form of surplus value and reflects the relationship between loan capitalists and functional capitalists and exploited workers.

Western Economics Perspectives

The real interest theory is the reward of actual moderation and the actual qualification interest theory has always been dominant in the field of interest research.

Monetary interest theory believes that interest is the cost of borrowing money and selling securities, and it is also the income from lending and purchasing securities. As a monetary phenomenon, the level of interest rates is completely determined by the supply and demand of money. Chinese scholars believe that in a socialist society dominated by public ownership, interest comes from the added value of national income or social wealth. In real life, interest is regarded as a general form of income, leading to the capitalization of income.