what we usually say is 8%, that is, the monthly interest is .8% and the annual interest is 9.8%. For example, 1 cent interest, that is, 1 yuan a month, 1% monthly interest, and 12% annual interest. Interest = principal × interest rate × deposit term Suppose 1, yuan, the term is one year, and the annual interest = 1,× .8 %× 12 = 96 yuan.
: 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 incurred by various bonds. Under the capitalist system, the source of interest is the surplus value created by hiring workers. The essence of interest is a special transformation form of surplus value and a part of profit.
1. Money other than the principal due to deposits and loans (different from' principal').
second, the abstract point of interest refers to the value-added amount brought by monetary funds when they are injected into the real economy and returned. In a less abstract sense, interest generally 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 (that is, time).
Interest is the reward obtained by the owner of the fund for lending the fund, which comes from a part of the profits formed by the producer using the fund to play its operational functions. It refers to the value-added amount brought by monetary funds when they are injected and returned to the real economy, and its calculation formula is: interest = principal × interest rate× deposit period× 1%
Third, the classification of bank interest can be divided into two types according to the nature of banking business: bank interest receivable and bank interest payable. Interest receivable refers to the reward that the bank gets from the borrower by lending money to the borrower; It is the price that borrowers must pay for using funds; It is also part of the bank's profits. Interest payable refers to the remuneration paid to depositors by banks to absorb deposits from depositors; It is the price that banks must pay to absorb deposits, and it is also part of the bank's cost.