2. The overdraft interest is not divided into sections, and the interest is calculated according to the highest interest rate grade or the highest overdraft amount of the term.
Some banks stipulate this:
Credit card overdraft interest shall be charged at the rate of five ten thousandths of daily interest within 15 days from the signing date or the bank bookkeeping date, and at the rate of ten thousandths of daily interest after 15 days, and at the rate of fifteen thousandths of daily interest after 30 days or when the overdraft amount exceeds the prescribed limit.
If you overdraw 65,438+0,000 yuan for shopping and repay after 60 days, these 60 days will be calculated according to the daily interest rate of 15/10000. Instead of the first15th day, the interest will be calculated at the daily interest rate of 5/10000, the interest will be calculated at the daily interest rate of 10/10000 from the 5th to 30th day, and the interest will be calculated at the daily interest rate of 15/10000 from 30th to 60th day.
Question 2: Monthly compound interest, what do you mean by annual interest? The interest is calculated by the monthly interest rate compound interest method, and the annual interest rate is calculated by the annual interest rate.
Compound interest formula = principal [(1+ interest rate) term power-1]
If you borrow 1 000 yuan and pay it back in two months, the monthly interest rate is 3%, and the interest calculated according to the compound interest method is:10000 [(1+0.03) 2-1].
Question 3: What does compound interest mean? The previous usury was compound interest! For example! Credit card repayment interest is five ten thousandths of a day, and there is monthly compound interest, which is five ten thousandths of a day. After one month, the arrears plus interest will continue to calculate the daily interest as the principal. This is the case every month until all the principal and interest are paid off. You should know that with the passage of time, the profits generated by compound interest are terrible!
Question 4: What does compound interest mean (China Merchants Bank)? For example, credit card compound interest. Cash advanced by credit card will be compounded monthly, that is, the interest generated last month will be recalculated. For example, if the billing date is 12 and 2000 yuan is withdrawn on February 1 day, the daily interest is 1 yuan, and the total interest as of February 12 is 12 yuan, then from February 13.
Question 5: What does compound interest mean? Difference between compound interest calculation and simple interest calculation.
The difference between compound interest calculation and simple interest calculation is that the term in simple interest calculation method is directly multiplied by the annual interest rate in brackets; When calculating compound interest, the term is used as an index, not in brackets. If the investment period is the same and the annual interest rate of the investment is the same, then the value of the former is greater than the value of the latter. Therefore, the amount of principal and interest due calculated under compound interest method is greater than that calculated under simple interest method, and the longer the term, the greater the difference between the two values.
The same fund is 100 yuan, and the annual interest rate is 2.00%. The longer the term, the greater the gap. The reason is that the interest income obtained under the compound interest method is continuously reinvested and new income is continuously obtained.
So why is there a difference between simple interest method and compound interest law? Simple interest method's calculation is simple, easy to operate and understand. Therefore, both bank deposits and one-time principal and interest of national debt are calculated according to simple interest. However, for investors, the interest received in each period will be reinvested, and no one will put the interest income in the wallet intact, at least in the bank, it will also get income from demand deposits. Therefore, the compound interest method is a more scientific method to calculate the investment income.
Especially the present value calculation of compound interest method, this formula determines how much you should pay now to get a fixed income in the future. All the analysis of bond pricing revolves around this problem.
Simple interest situation
The bank's savings deposit interest rate is calculated at simple interest. The so-called simple interest means that only the time value (interest) of the principal is calculated during the investment period, and the interest of interest is not calculated. This is the simplest way to calculate interest.
The calculation formula of simple interest is:
I=P0×r×n
Where: I is the interest due, P0 is the principal, R is the annual interest rate, and n is the term;
Example: Peter's return on investment. ※
Peter now has 65,438 RMB+0,000 RMB. If he has a time deposit in the bank with a term of 3 years and an annual interest rate of 2.00%, then according to the calculation rules of bank deposit interest, the sum of the principal and interest obtained by Peter at maturity is:
1000+1000× 2.00 %× 3 =1060 (yuan).
According to the simple interest rate of 2.00% per year, the interest on the principal of 65,438+0,000 yuan within three years is 60 yuan. On the other hand, if calculated according to simple interest, how much is 1060 yuan equivalent to now after three years? This is the so-called "present value" problem.
Present value is the value of future funds discounted to the present moment at a given interest rate level, which is the inverse process of the time value of funds.
According to simple interest method, the method of calculating present value from future value is simple. We use Vp to represent the present value and Vf to represent the future value, so there is
VF = VP×( 1+R×N) where r represents the interest rate of the investment and n represents the term, usually in years. Reverse this formula and you get the formula for calculating the present value:
Example: Peter's return on investment. ※
Peter wants to earn 65,438+0,060 yuan in three years, so how much money should he deposit in the bank now? The current annual interest rate of the bank's three-year deposit is 2.00%. Then, according to the calculation formula of the present value of simple interest,
Peter needs to deposit 65,438+0,000 yuan now to ensure that his income will be 65,438+0,060 yuan after three years.
Compound interest situation
The so-called compound interest means that after each interest period, the interest generated will be added to the principal to calculate the interest for the next period. In this way, in each interest-bearing period, the interest of the previous interest-bearing period should become the principal of interest-bearing, that is, interest-bearing at interest, which is commonly known as "rolling interest."
Example: Peter's return on investment. ※
Peter's money is 65,438+0,000 yuan, and the interest rate of the bank's 65,438+0-year fixed deposit is 2.00%. At the beginning of each year, Peter will withdraw the principal and interest of the previous year, and then deposit them together as the principal in the 1 year time deposit, which will coexist for three years in total. So how much principal and interest can he get at the end of the third year? The calculation method of interest on this investment is compound interest.
At the end of the first year, the total principal and interest are:
1000+1000× 2.00% =1020 (yuan)
Subsequently, the principal and interest received at the end of the first year and the investment principal at the beginning of the second year, that is, interest, have been incorporated into the principal. Therefore, at the end of the second year, the sum of principal and interest is:
1 020+ 1 02......& gt& gt
Question 6: What do you mean by daily interest and monthly compound interest? Daily interest means that as long as the policy exists, the company will calculate interest for customers every day. When the customer insures and terminates the policy, if it is not the beginning and end of the month, the company will calculate the interest according to the actual number of days.
For example, if the customer is insured on June 65438+1October 65438 +00, the company will calculate the interest for the customer on a daily basis according to the accumulated interest rate announced on March 3 from June 65438+1October 65438 +00 to June 365438 +0.
Monthly compound interest means settlement once a month, and the total amount after settlement last month will be used as the base for settlement next month. The company publishes the accumulated interest rate on the external website every month. The accumulated interest-bearing account amount is compound interest.
Question 7: What is usury? The interest rate is calculated according to simple interest and compound interest, which is the so-called rolling interest.
For example, if there is 10000 yuan, the agreed annual interest rate is 10% and the term is 5 years.
Then there are two ways to give you interest. One is lump-sum payment due 10000* 10%*5, which is simple interest;
The other is that you can get interest every year, so take it out and save it, or save it as principal, so the income after maturity will be higher, which is compound interest.
Question 8: What is the meaning of compound interest? 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- Number of cycles for calculating interest.
The interest of the first year under simple interest is not regarded as the principal of the second year, and the interest of the first year after compound interest is regarded as the principal of the second year. Compound interest is called rolling interest.
The final value refers to the sum of principal and interest with interest after several periods.
The formula for calculating the final value of compound interest is:
FVN = PV *( 1+I)n (that is, principal ×( 1+ interest rate) to the power of the number of periods)
For example, Wang Xiangyin Bank borrowed 10000 yuan, with a loan term of 2 years and an annual interest rate of 6%. What is the final amount for the second year?
Fvn =10000 * (1+6%) 2 =10000 *1.1236 =1kloc-0/236 Yuan.
∴I Interest =11236-10000 =1236 yuan.
Question 9: What does the calculation of compound interest mean? The calculation of compound interest is to calculate the principal and its interest together, which means it is profitable.
Generally speaking, it is calculated by means of interest.
For example, if the principal is 50,000 yuan, the interest rate or investment return rate is 3%, and the investment period is 30 years, then according to the compound interest formula, the interest income obtained after 30 years is 50,000× (65,438+0+3%) 30.
Question 10: What is compound interest? Hello, for example, compound interest on an annual basis. The income of the current year can be added to the interest calculation of the next year together with the original fund.