Take the loan of 654.38+00000 yuan as an example, the annual interest rate is 5%, and the annual interest is 654.38+000005% = 500 yuan. One month's interest is100005%/12 = 41.66 yuan, and one day's interest is 100005%/360= 1.38 yuan. From the interest point of view, the annual interest rate of 5% is very low.

Applying for a loan is a very common thing for contemporary young people. However, before applying for a loan, everyone must consider the interest issue and cancel the loan within their own ability through formal channels.

Interest refers to the reward obtained by the fund owner from lending the fund, which comes from part of the profits formed by the producers using the fund to play their business functions.

Interest is one of the manifestations of the time value of funds. From its formal point of view, it is the reward that the monetary owner gets from the borrower for issuing monetary funds.

As the use price of funds, interest plays a very important role in the operation of market economy, mainly in the following aspects:

Functions that affect enterprise behavior

As the occupation cost of an enterprise, interest directly affects the economic benefits of the enterprise. In order to reduce costs and improve efficiency, enterprises should do everything possible to reduce the amount of funds, and at the same time compare the costs of various financing methods in the process of financing. If enterprises in the whole society regard saving interest expenses as a common behavior mode, then the efficiency of economic growth will certainly be improved.

Function of influencing residents' asset selection behavior

With the increasing real income level and savings rate of Chinese residents, asset selection behavior has emerged. The increase of financial instruments provides an objective basis for residents' asset selection behavior, and interest income is the main incentive for residents' asset selection behavior. Residents' departments attach importance to interest income and spontaneously produce asset selection behavior, which has an impact on macro-control and micro-foundation reconstruction. Judging from China's current situation, the high savings rate has become a major feature of China's economy, providing a solid financial foundation for the rapid economic growth. The various asset selection behaviors made by residents under the incentive of interest income have contributed to the realization of various macro-controls.

Functions that affect government behavior

Since interest income is closely related to the economic interests of deficit and surplus departments in the whole society, the government can also use it as an important economic lever to regulate economic operation. For example, if the central bank takes measures to lower interest rates, more money will flow to the capital market, and when interest rates increase, funds will flow out of the capital market. If the government raises funds by credit, it can issue treasury bonds at an interest rate higher than the bank's deposit interest rate for the same period, and absorb private monetary funds into the hands of the government for various financial expenditures.

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.

/kloc-how much is the interest for a loan of 0/0000 yuan a year?

How to calculate the annualized rate of matching principal and interest loans? Is there a formula?

In principle, the annual interest rate of loans will always change. The so-called annual interest rate refers to the ratio of one year's interest amount to the loan principal. In fact, the bank's loan interest is calculated by simple interest. Simple interest means that during the loan period, only the original interest is calculated, and the interest generated by the principal is not calculated separately.

Usually, the calculation process of annual interest rate is as follows: annual interest rate = monthly interest rate × 12 months = daily interest rate ×360 days (calculated according to 360 days per year). If the daily interest rate is 0.05%, the annualized interest rate is 0.05% × 360 days = 18%, and the loan is 10000 yuan, the annual interest is 18%× 10000 yuan = 1800 yuan.

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What's the interest rate for a bank loan in case of eleven thousand?

Take the latest loan interest rate of China Bank in February 20 19 as an example. The loan interest of 1 year 1000 yuan is 430 yuan.

20 19 12 the preferential interest rate for bank loans in China is 4.3%, and the loan interest 100004.3% = 430 yuan.

Extended data

The bank loan interest rate is determined by the loan contract interest rate of banks and other financial institutions as lenders, and both parties can only determine it through consultation within the upper and lower limits of interest rates 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.

The decisive factors of bank loan interest are:

1, bank cost. Any economic activity needs cost-benefit comparison. There are two types of bank costs: borrowing costs-prepaid interest on borrowed funds; Additional cost-the cost of normal business.

2. Average profit rate. Interest is the subdivision of profit, which must be less than the profit rate, and the average profit rate is the highest limit of interest.

3. Supply and demand of loan funds. If the supply exceeds the demand, the loan interest rate will inevitably fall, and vice versa. In addition, the loan interest rate also needs to consider price changes, securities returns, political factors and so on.