Current location - Loan Platform Complete Network - Loan consultation - 1996, I borrowed 25,000 yuan from a classmate and failed in business. Now I want to give him back with interest. How much should I pay?
1996, I borrowed 25,000 yuan from a classmate and failed in business. Now I want to give him back with interest. How much should I pay?
1996 The value of 25,000 yuan is much higher than the current 25,000 yuan. The annual interest rate was very high at that time. For several years in a row, the annual interest is close to 65,438+00%. It didn't gradually come down until after 2008. Judging from the purchasing power of goods, the price in 1996 can't be compared with the current price. Objectively speaking, it's at least 250 thousand, depending on your economic ability and mind.