The profit of 5 cents mentioned by ordinary people is 5% per month. Take 1 ten thousand yuan as an example. If the interest is calculated at 5 cents, you have to pay one month's interest: 10000×5%=500.00 yuan. Note: this interest rate is too high and belongs to usury. According to national laws and regulations, the part that exceeds the bank's loan interest rate for the same period by 4 times will not be protected by law. According to the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases.
How about the interest of 5 cents?
5 points of interest means that the interest rate is 5%; If the annual interest rate is agreed, 5 cents interest is 5% annual interest rate; If the monthly interest rate is agreed, the interest of 5 cents is the monthly interest rate of 5%; For example: If A borrows 10,000 yuan from B; The agreement is that the interest is 5 points and the loan time is one year; If the annual interest rate was agreed at that time, 0000× 5% = 500; When it expires in one year, it needs to pay interest 500 yuan; Total 10500 yuan; If the monthly interest rate was agreed at that time, 0000×12× 5% = 6000; When it expires in one year, it needs to pay interest of 6000 yuan; Total 16000 yuan;
What do you mean by five-cent interest?
The interest rate of five points is 5%. Take the principal of 1 ten thousand yuan as an example, and the interest is 500 yuan.
The annual interest rate is generally% (percentage), and the monthly interest rate is generally expressed as ‰ (one thousandth); The daily interest rate is expressed as a few tenths of the principal, which is usually called a few cents.
If the daily interest rate is 1%, that is, the principal is 1 yuan, and the daily interest rate is 0.005438+0 yuan. (1% =0.00 1 yuan, 10 cents =0.000 1 yuan)
Then the interest of five points is the interest rate =5%
Take the principal of 10,000 yuan as an example, according to the formula: interest = principal * interest rate.
The formula can be obtained: interest = 10000*5%=500 yuan.
Extended data:
Conversion formula of daily interest rate, annual interest rate and monthly interest rate:
Daily interest rate (0/000)= annual interest rate (0/0) ÷ 360;
Monthly interest rate (0/00)= annual interest rate (0/0)÷ 12.
Monthly interest rate = daily interest rate ×30
Annual interest rate = monthly interest rate × 12
Interest = interest product × daily interest rate
formula
Formula 1: daily interest rate = daily interest deposit (loan) amount X 100%.
Formula 2: Daily interest rate =? Monthly interest rate ÷30
Formula 3: Daily interest rate =? The annual interest rate is 360.
The amount of interest depends on three factors: principal, deposit period and interest rate level.
The calculation formula of interest is: interest = principal x interest rate x deposit term.
According to People's Republic of China (PRC) State Taxation Administration of The People's Republic of China Guoshuihan [2008] No.826, since June 9, 2008, personal income tax on savings deposit interest is temporarily exempted, so the interest tax on savings deposit interest is temporarily exempted at present.