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How much is the four-year interest on a loan of 30,000 yuan?
Solution: p- principal, also known as initial amount or present value;

I- interest rate refers to the ratio of interest to principal;

I- interest;

F- the sum of principal and interest, also known as the sum or final value of principal and interest;

N-the number of interest periods.

interest

=

capital

*

interest rate

*

Number of interest-bearing periods

I

=

P

*

I

*

n

∫ The score is 10 times that of Li, so the annual interest rate is 5 points, which means the annual interest rate is 50%; A monthly interest rate of 5 points means a monthly interest rate of 5%.

∴ The annual interest rate is 1.5 and 15%.

interest

=

Thirty thousand

*

15%

*

four

=

18000 yuan

Answer: interest 18000 yuan.