Four percent is the annual interest rate, which translates into a monthly interest rate of 4%12 ≈ 0.33%; Daily interest rate is 4%÷360≈0.0 1%. If you borrow 1 10,000 yuan, the annual interest to be paid is: 10000×4%× 1=400 yuan; The interest generated by borrowing for one month is: 10000×0.33%× 1=33 yuan; The interest generated by borrowing for one day is:10000× 0.01%×1=1yuan.
Suppose 4% is the monthly interest rate, and the daily interest rate is 4% ÷ 30 ≈ 0.13%; The converted annual interest rate is 4%× 12=48%. If you borrow 1 ten thousand yuan, the interest to be paid in one month is: 10000×4%× 1=400 yuan; The interest generated by borrowing for one day is:10000× 0.13 %×1=13 yuan; The interest generated by borrowing for one year is: 10000×48%× 1=4800 yuan. Assuming that 4% is the daily interest rate, the converted monthly interest rate is: 4% × 30 =120%; The converted annual interest rate is 4%×360= 1440%. If you borrow 1 10,000 yuan, the interest to be paid for one day is: 10000×4%× 1=400 yuan; The interest generated by borrowing for one month is:10000×120 %×1=12000 yuan; The interest generated by borrowing for one year is:10000×1440 %×1=144000 yuan. It should be noted that if the annual interest rate exceeds 36%, it is usury, then if the monthly interest rate is 4% or the daily interest rate is 4%, it is usury and super-profit loan. The annual interest rate of 4% is reasonable and low.
The annualized interest rate =( 1+ b) is the negative 1 power of a, where a is the income period (year) of wealth management products and b is the rate of return. The annualized interest rate is the interest rate discounted to the whole year through the inherent rate of return of products. In other words, the daily interest rate and the monthly interest rate are converted into the real annual interest rate for one year, so the annualized interest rate is equal to the real interest rate.
The annualized interest rate is (1+B) A- 1, where a is the income period (year) of a wealth management product and b is the rate of return.
The annualized interest rate is the interest rate discounted to the whole year through the inherent rate of return of products. In other words, daily interest rate, monthly interest rate, etc. Are converted into the actual annual interest rate once a year, so the annualized interest rate is equal to the actual interest rate.
Difference between annual interest rate and annualized interest rate;
Annual interest rate-generally refers to an annual interest rate given by the bank when handling deposits or loans. This annual interest rate refers to the ratio of one year's interest amount to deposit principal or loan principal. The annual interest rate of deposits or loans shall be stipulated by the People's Bank of China, and will generally be adjusted according to the economic development.
Annualized interest rate-generally, it is converted into annualized interest rate according to the current income (daily rate of return, weekly rate of return and monthly rate of return). This annualized interest rate is the expected rate of return. If you don't get such income in the future, it may be high or low. This statement will generally appear when you buy wealth management products.
When handling deposits or loans, users can calculate the earned or paid interest according to the annual interest rate, and then decide whether to deposit or loan. When lending, if the annual interest rate is relatively high, users need to pay more interest at this time. Similarly, if the deposit has a high annual interest rate, you can get more interest income.
Investment and financial management should pay attention to the annualized interest rate, but the most important thing is to pay attention to the investment risk. General wealth management products will not promise to protect the capital, but the higher the income, the greater the risk investors face. Therefore, when investing in financial management, don't pursue income excessively, but choose according to your ability to take risks.