120 yuan
Borrow 20 thousand normal monthly interest. In that case, if it's a bank loan, the maximum interest on the normal monthly interest of 20,000 yuan is 120 yuan. The lowest is over 60. But if it is private lending, the general interest is between 200-300 yuan. Therefore, we can apply for a consumer loan in the bank in advance, so that we can borrow directly from the bank in case of emergency, which will be much less than the private interest.
The interest rate of 4.25 is20,000 a month. How much interest?
The monthly interest is 20000× 4.2525 = 850 ÷12 = 70.833333 yuan.
_ If you borrow 450,000 yuan with an annual interest rate of 4.2525, what is the monthly interest?
_450000×4.2525= 19 136÷ 12= 1594.666667
_ The calculation formula of loan interest is loan interest = principal x time x interest rate. Loan interest refers to the reward that the lender gets from the borrower for issuing monetary funds, and it is also the price that the borrower must pay for using the funds. Bank loan interest rate refers to the ratio of interest amount to principal amount during the loan period. The interest rate of loan contracts with banks and other financial institutions as lenders can only be determined through consultation within the upper and lower interest rate limits stipulated by the People's Bank of China. If the loan interest rate is high, the repayment amount of the borrower will increase after the loan term, otherwise it will decrease. There are three factors that determine loan interest: loan amount, loan term and loan interest rate.
How much is the interest paid on the loan of Agricultural Bank of China once a month, 26 months?
The Agricultural Bank of China loaned 20,000 yuan, with interest of 642.6 yuan a month for half a year. The monthly interest on the loan of 20,000 yuan from the Agricultural Bank of China needs 20,000 times 30 days and 5.508% divided by 360, which is equal to 9 1.8 yuan. A month in a half year is seven months, that is, 9 1.8 times seven months, and the interest is 642.6 yuan.
How much is the monthly interest of ICBC loan of 20,000 yuan?
It depends on the loan time.
1. The annual interest rate of ICBC's short-term loan is 4.6%, and the monthly interest of loan 2 1000 =200004.6%/ 12=76.66 yuan.
2. The annual interest rate of ICBC's long-term loan is 5%, and the monthly interest of the loan is 2 1000 =200005%/ 12=83.33 yuan. The above is the interest of ICBC loan of 20,000 yuan a month.
According to the monthly interest rate of 0.7%, what is the monthly interest rate of the loan of 20,000 yuan? How to calculate?
Hello! The mathematical formula of interest calculation is: loan principal, loan term and loan interest rate.
20,000 yuan spent 1 month, with a monthly interest rate of 0.7%. Because of the profits of regular banks, the total interest is 140 yuan.
There is no uniform standard for this. It depends on the interest rate that the bank lends you. Interest rates have a lot to do with repayment methods.
First, the basic knowledge of interest calculation
The interest rate conversion formula for RMB business is (note: common for deposits and loans):
1. daily interest rate (0/000) = annual interest rate (%) ÷ 360 = monthly interest rate (‰)÷30.
2. Monthly interest rate (‰) = annual interest rate (%) ÷ 12
Two, banks can use product interest method and transaction interest method to calculate interest.
1. Accumulate the account balance daily according to the actual number of days, and multiply the accumulated product by the daily interest rate to calculate the interest. The interest-bearing formula is:
Interest = cumulative interest-bearing product × daily interest rate, where cumulative interest-bearing product = total daily balance.
2. The method of calculating interest one by one according to the predetermined interest calculation formula.
Interest = principal × interest rate× loan term. Interest is calculated one by one, specifically
Three, the interest period is the whole year (month), the interest formula is:
1. Interest = principal × annual (monthly )× annual (monthly) interest rate.
If the interest-bearing period is a whole year (month) and days, the interest-bearing formula is:
2. Interest = principal × year (month) × year (month) interest rate principal × odd days × daily interest rate.
At the same time, banks can choose to convert the interest period into actual days to calculate interest, that is, 365 days per year (366 days in leap years).
Each month is the actual number of days in the Gregorian calendar of that month, and the interest calculation formula is:
3. Interest = principal × actual days × interest rate
These three formulas are essentially the same, but because the interest rate conversion is only 360 days a year, when calculating the actual daily interest rate, it will be calculated as 365 days a year, and the result will be slightly biased. Which formula is used specifically, the central bank gives financial institutions the right to choose independently. Therefore, the parties and financial institutions can agree on this in the contract. Table 1 is the usual practice of commercial banks.
How to calculate the loan interest of the bank? For example, borrow 20 thousand, with interest for one month.
General loans, the bank repays on a monthly basis. The monthly repayment of funds includes both interest and part of the principal. The monthly interest rate is the annual loan interest rate/12.
Take the loan of 10 as an example, with an annual interest rate of 6%. At this time, the monthly interest rate is 6%/ 12=0.5%, and the monthly repayment will be 10× 12= 120 times.
The average capital repayment method pays the same principal every month, which is 1 20000/120 =1000 yuan, and the loan amount at the beginning of 12000 yuan, so the interest needs to be repaid at the end of the month.12000 yuan.
The loan balance at the beginning of the second month is 65,438+065,438+09,000 yuan, so the interest payable at the end of the month is 65,438+065,438+09000× 0.5% = 595 yuan, and the sum of principal and interest repaid at the end of the month is 65,438+0.595 yuan. So you can keep counting? The loan balance before the last repayment is 65,438+0,000 yuan, so the interest payable at the end of the month is 65,438+0,000× 0.5% = 5 yuan, and the sum of the principal and interest repaid at the last time is 65,438+0,005 yuan.
The equal principal and interest repayment method also pays the same amount of money every month, 1332.25 yuan (the calculation principle is somewhat complicated, so I won't say it). The loan amount at the beginning of 1 month is 120000 yuan, so the interest payment at the end of the month is 120000×0.5%=600 yuan, so the monthly principal repayment amount is 1332.25-600=732.25 yuan.
At the beginning of the second month, the loan balance was120000-732.25 =19267.75 yuan, so the interest paid at the end of the month was119267.75× 0.5% = 596.34 yuan.
At the end of the second month, that is, at the beginning of the third month, the loan balance is119267.75-735.91=18531.84 yuan, so it can be calculated all the time.
Extended data:
Loan interest refers to the interest expenses incurred when an enterprise borrows from a bank or other financial institution, or when an enterprise issues bonds.
working fund
calculate
In the financial analysis of the project, the interest of the working capital loan is calculated according to the simple interest. No matter when the loan occurs, it is assumed that the interest is borrowed at the beginning of the year.
In addition, because the working capital is used for turnover, it is generally assumed that the working capital loan will not be returned during the production and operation period, but will be returned once at the end of the project.
Therefore:
Annual interest rate of working capital loan = accumulated working capital loan in the current year × annual interest rate of working capital loan.
explain
Taking a project as an example, it is estimated that the new working capital loan for this project is 3,305,900 yuan in the third year and 3 1. 1.20 million yuan in the fourth year, totaling 36 1.7 1.00 million yuan, so the interest of working capital loan for each year is:
Third year: 330.59× 8.64% = 28.56 (ten thousand yuan)
4 to 14 years: (330.591.12) × 8.64%-31.25 (ten thousand yuan)
money borrowed for long term
calculate
In order to simplify the processing, when calculating the principal and interest of long-term loans, it is assumed that every year's loans occur in the middle of the year, so the interest is calculated only half a year, and the repayment occurs at the end of the year;
The outstanding principal of this year and the loans of previous years form the "loan accumulation at the beginning of next year", and the interest is calculated on an annual basis. Thus, the approximate formula for calculating the annual accrued interest is as follows:
Accrued interest per year = (accumulated loan amount of loan principal at the beginning of the year /2)× annual interest rate.
explain
A project only borrowed 5.5 million yuan in the second year of the construction period, with an annual interest rate of 9.9%. If the project is put into production in the third year, then
The accrued interest in the second year is (0550/2)×9.9%=27.23 (ten thousand yuan).
The accrued interest in the third year is: (55027.230/2)×9.9%-57. 15 (ten thousand yuan).