The annual interest rate of 6.5% is 6 cents and 5%. Take the principal of 1 10,000 yuan as an example, and the annual interest is 650 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)
The annual interest rate of 6.5% is 6 cents and 5%. Take the principal of ten thousand yuan as an example.
According to the formula, interest = principal * interest rate.
Substituting the data, we can get the formula:
Interest = 10000*6.5%=650 yuan.
Extended data:
Compared with other financing methods, bank loans have the following main disadvantages:
First, the conditions are harsh, there are too many restrictive clauses, the procedures are too complicated, time-consuming and laborious, and sometimes it may not be possible to run for a year;
Second, the loan period is relatively short, and long-term investment can rarely be loaned;
Third, the loan amount is relatively small, and it is difficult to solve all the funds needed for enterprise development through banks. Especially in the start-up and start-up period, it is difficult for enterprises to obtain bank loans because of the high loan risk.
Bank loan skills:
Seeking floating interest rate and minimum loan cost: Due to different pricing strategies of financial products, the interest rates of the same loan product in different banks are also different. In addition to choosing the interest rate level, other factors should be considered, such as whether to pay the handling fee for the loan and whether to evaluate the collateral, which may lead to the increase of the cost.
Different repayment methods, the difference can reach 10,000 yuan: the bank has stipulated a variety of flexible repayment methods, and there are two commonly used methods-"equal monthly repayment" and "equal monthly repayment of principal". With different repayment methods, the difference in monetary cost expenditure can reach 10,000 yuan.
"Large repayment" reduces the total loan amount and saves interest; Make full use of the subtle provisions related to loans to further reduce the cost of loans.
Baidu encyclopedia-monthly interest rate