Refers to the monthly interest rate of bank deposits of 0.3%. Generally speaking, the interest on one dollar a year is 3% (0.003 yuan). If the deposit is 65,438+00,000 yuan, the annual interest will be: 65,438+00,000× 0.3%× 65,438+02 = 360 yuan at the interest rate of 3%. Because the abolition of interest tax can increase residents' savings income and avoid the impact of rising capital costs on the capital market, this means is likely to become an alternative means of government regulation at present. According to the current inflation level, the abolition of interest tax will not change the negative real interest rate. But it can obviously improve the low deposit interest rate. One-time cancellation of the collection is equivalent to an increase of deposit interest rate by nearly 60 basis points, which not only has a considerable adjustment, but also can get rid of the restrictions of exchange rate policy.

The monthly interest rate of 3% is three thousandths of the monthly interest rate. For example, the loan 1 10,000, the monthly interest rate is 3%, and the monthly interest rate = 1 10,003 * 0.003=30. We don't usually say monthly interest, but the percentage will. The monthly interest rate of 3% is 0.3% and the annual interest rate is 3.6%. Generally speaking, when people borrow money, they only use the term monthly interest.

First, the difference between monthly interest and annual interest.

The annual interest of the loan refers to the interest to be collected within one year, and the monthly interest refers to the interest to be collected within one month. The difference between the two is that the calculation unit is different, the annual interest rate is in years and the monthly interest rate is in months. Convert the monthly interest rate into the annual interest rate, and the conversion formula is: annual interest rate = monthly interest rate 12 (month); The order is: monthly interest rate = annual interest rate/12 (month). As for the daily interest, it naturally refers to the interest to be collected within one day. Convert annual interest rate or monthly interest rate into daily interest rate, and the conversion formula is: daily interest rate = annual interest rate /360 (days) = monthly interest rate /30 (days).

Second, the calculation method of interest

1. For accounts with fixed interest, balance sheets of deposits and loans or sub-accounts with interest based on product quantity, the number of days shall be counted from the date of deposit and loan to the day before withdrawal and return. The formula is interest = cumulative daily interest rate of product X.

2. The annual loan interest of 33,360 is calculated one by one, and the whole month is calculated on a monthly basis. There are whole years (months) and fractional days, which can be converted into whole days. The interest for the whole year and month is 33,360 = principal time x annual interest rate or monthly interest rate. All converted into days: interest = daily interest rate of principal time.

3. The calculation formula of monthly interest is 33360 interest =x months, and the balance at the beginning of the month x the monthly interest rate of the loan. According to the calculation formula of daily interest, the interest is: interest = balance x days actually occupied by the daily loan interest rate, where the daily interest rate = monthly interest rate 30= annual interest rate 360.

It should be noted that although there are actually 365 or 366 days in a year, 30 or 3 1 day in a month and 28 or 29 days in February, in the conversion formula of loan interest rate, the unit is 360 days in a year and 30 days in January.