It depends on whether the interest of 8 points is the annual interest rate or the monthly interest rate.
If it's a monthly interest rate, the interest of 8 cents is 8%
Monthly interest = 50,000× 8% = 4,000 yuan
If it is the annual interest rate, the interest of 8 cents is still 8%, but it should be divided by 12.
Monthly interest =50000×8%÷ 12≈333.33 yuan.
Second, the relevant content of interests
1. Interest is the use fee of money in a certain period of time, which refers to the reward that the money holder (creditor) gets from the borrower (debtor) for lending money or monetary capital. Including deposit interest, loan interest and interest generated by various bonds. Under the capitalist system, the source of interest is the surplus value created by hired workers. The essence of interest is a special transformation form of surplus value and a part of profit.
2. The abstract interest point refers to the value added when monetary funds are injected into the real economy and returned. Generally speaking, interest refers to the remuneration paid by the borrower (debtor) to the lender (creditor) for using the borrowed currency or capital. Also known as the symmetry of sub-fund and parent fund (principal). The calculation formula of interest is: interest = principal × interest rate × deposit period (i.e. time).
3. According to the different nature of banking business, it can be divided into two types: bank interest receivable and bank interest payable.
Interest receivable refers to the remuneration that the bank obtains from the borrower by lending to the borrower; It is the price that the borrower must pay for using the funds; It is also part of the bank's profits. Interest payable refers to the remuneration paid to depositors by banks to absorb their deposits; It is the price that banks must pay to absorb deposits, and it is also part of the cost of banks.
Inflation will occur in most economies, which means that a certain amount of money will buy less goods in the future than it does now. So the borrower needs to compensate the lender for the losses during this period.