1. This is the interest-bearing method adopted by private lending. Usually a few percent represents the monthly interest rate, which means a few thousandths.

2. For example, a loan of 5% represents an interest rate of 0.5% per month and 6% per year. Therefore, when users borrow money, this aspect needs to be clear. Actually, it's quite understandable Among the four units of centimeter, minute, angle and yuan, two adjacent units are decimals, that is, 1 cm =0. 1 minute =0.0 1 angle =0.00 1 yuan. Of course, the percentage mentioned is actually the interest generated by 1 yuan a month. Li is a traditional interest unit in China, such as:

Every year 1%, namely 1%, loan 100 yuan, annual income 1. 1 ten thousand;

Monthly interest 1%, namely 0. 1%, loan 10 yuan, income 1 1000 month;

1%0.0 1% per day, and the loan is 1.65438+ 1 yuan per day.

Extended information:

Description of loan interest:

The unit of% commonly used in private lending means a few thousandths. For example, the interest on 3% is 0.3%. Interest is calculated by time. Before calculation, it is necessary to distinguish whether it is day, month or year.

What do you mean by a few cents loan?

Li is a traditional interest unit in China, such as:

The annual profit is 1%, that is, 1%, and the annual income is1000 yuan;

Monthly profit 1%, that is, 0. 1%, and monthly income 1 ten thousand yuan is 10 yuan;

Daily profit 1% and 0.0 1% lending ten thousand daily income 1 yuan.

Extended data:

Matters needing attention in loan interest calculation:

The common unit of private lending is "Li", which means several thousandths. For example, 3% interest is 0.3%, and interest is calculated by time. Before calculation, it is necessary to distinguish whether it is day, month or year.

The score is 10 times that of Li.