If it is monthly interest, the interest of 1 min refers to the interest of one yuan per month 1 min, the interest of January is 100, and the interest of one year is 1200 yuan; Half-year interest, 600 yuan. The commonly known one-point loan interest is the monthly interest 1%.
If it is annual interest, one-point interest refers to the interest of one yuan per year 1 minute, and the annual interest is10000x0.01=100 yuan. 50 yuan for half a year. Banks generally say that the annual interest rate 1% is too low. If the monthly interest rate is 1%, it is probably 12%.