Current location - Loan Platform Complete Network - Loan intermediary - What is the annual interest rate of 9.45?
What is the annual interest rate of 9.45?

The specific amount of interest will be determined based on the principal amount.

According to the relationship between annualized rate and principal, interest = principal * annualized rate * time.

Suppose you save 10,000 yuan, then the principal is 10,000 yuan. If you save for one year at an annualized rate of 9.45, it is: 10000*1*9045=945. You can get an interest of 945 yuan.