A bank loan of 4% refers to the loan interest rate of 0.4%, usually refers to the monthly interest rate. "Li" is the traditional name of private lending in China, and 4% is the interest rate of 0.4%. You can use the formula "interest = principal * interest rate * time" to calculate the amount of interest.

For example, if you borrow 1 ten thousand yuan, the monthly interest rate is 4%, and the monthly interest rate is = 10000*0.4%* 1=40 (yuan).

If the monthly interest rate is 4%, the annual interest rate =0.4%* 12=4.8%. For example, the loan is 6,543,800 yuan, the monthly interest rate is 4%, the loan term is 3 years, and the principal to be repaid at maturity is =100000+100000 * 0.4% *12 * 3 =/kloc-0.

The monthly interest rate is 0.4% and the monthly interest rate is 4%. This is a folk saying, which is slightly different from the official saying, but the meaning is the same. The monthly interest rate of 4% is converted into monetary unit, that is,1= 10% =100%, and10% equals 1% interest rate.

For many people, the concept of interest rate is not particularly familiar. After all, it is a financial technical term.

In China, there are two sets of financial system languages, one is folk, that is, the more traditional expression of interests; One is the official, that is, the more international expression of interests.

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