Ask: I received a bank loan interest receipt today, showing that the product is 9900000, the interest rate is 6.56 1000, and the interest rate is 180427.50. How to work it out?
Interest rate 6.56 1: It means the annual interest rate is 6.56 1%, so the monthly interest rate is 6.561%12, and the daily interest rate is 6.561%12/30.
From 2008. 12.2 1 to 2009. 1.22, a month is 30 days, not 3 1 day.
Interest = 990000000 * (6.561%12/30) =180427.50.