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How to calculate the interest of lightning loan of China Merchants Bank, with an annualized rate of 5.76?
1. How to calculate the interest of lightning loan of China Merchants Bank, with an annualized interest rate of 5.76?

Hello, because the annualized interest rate is 5.76, then if you use 1 ten thousand yuan, the annual interest is 576 yuan, and then you can calculate the annual interest expense according to your loan amount, and then multiply it by 3 to get all the interest that needs to be repaid.

2. Which interest rate is higher, China Merchants Bank's lightning loan or money?

The lightning loan interest rate of China Merchants Bank is high.

The annual interest rate of China Merchants Flash Loan is 15. 12%. The interest rate is 7.2%.

Of course, different people have borrowed money, and the interest rate will be spent according to the overall credit level of customers. The higher the comprehensive credit level of customers, the lower the loan interest rate. On the other hand, Litong will make a comprehensive evaluation of customers' account usage, loan repayment records, liabilities and credit status from time to time, and then adjust the interest rate according to the comprehensive evaluation results.

Third, the daily interest rate of lightning loan of China Merchants Bank is 0.042. What is the annual interest rate converted every day?

Annualized 15% a little more.

4. What is the annual interest rate of lightning loan of China Merchants Bank?

The simple interest rate of China Merchants Bank's lightning loan refers to the annual interest rate calculated through a simple formula, which is compared with compound interest and actual annualized interest rate. Generally speaking, simple interest is less than or equal to compound interest, that is to say, when we see simple interest every day, we should first consider how much compound interest is and how much comprehensive real interest rate is, so as to measure the actual capital cost we pay for an investment or a loan.