The current deposit and loan interest rate was adjusted and implemented on February 23, 2008. The interest rate for loans over five years is the benchmark interest rate of 5.94%, and the monthly interest rate is 5.94%/ 12. The loan interest is compounded monthly, and the total principal and interest of 20,000 yuan for 8 years (96 months) is:

20000 * (1+5.94%/12) 96 = 32129.03, description: 96 is the power of 96.

The longest term deposit is five years. If it is an eight-year deposit, it is five years plus three years. The five-year deposit rate is 3.6% per year, and the three-year deposit rate is 3.33%. The deposit interest rate is calculated according to simple interest, and there is no interest tax at present.

The total principal and interest of 20,000 yuan for 8 years is: 20,000 * (1+3.6% * 5) * (1+3.33% * 3) = 25,957.64.