Supplementary information:

1. Generally, interest can be calculated by the formula of "interest = principal * interest rate * loan term".

2. The known principal is 654.38 million yuan, and the interest rate is 0.4%. This level is generally the monthly interest rate. As long as you know the specific loan term, you can calculate the interest.

3. For example, the loan term is one year and the interest is equal to100000 * 0.4% *12 = 4800 yuan.

Extended data:

What is the difference between the annual loan interest rate and the monthly loan interest rate?

In fact, there is no substantial difference between the two, but the transformation cycle is different. The monthly interest rate refers to the percentage of interest and principal calculated every month, and the annual interest rate refers to the percentage of interest and principal calculated every year. Generally speaking, the annual interest rate is a few percent (%); And the monthly interest rate is a few thousandths (‰).

Suppose the annual interest rate is 7.47%, the principal is 5,000 yuan, the deposit period is one year, and the sum of principal and interest after maturity is: 5,000 yuan+5,000 yuan × 7.47% = 5,373.5 yuan 2. If the monthly interest rate is 6.225‰, the principal is 5,000 yuan, the deposit period is 1 month, and the sum of principal and interest after maturity is 5,000 yuan.

Because you pay the loan on a monthly basis, the monthly interest rate is implemented. For example, the loan is 1 0,000 yuan, 1 year, with an annual interest rate of 5.3 1%. If the principal and interest are repaid every month, it will be ￥857.50 yuan per month, with an annual interest rate of 857.50× 12- 10000 =

If the interest is paid at the annual interest rate, it will be paid off in one lump sum after one year, that is,10000× 5.31%= 531yuan, and the annual interest rate is× 0.7 ÷12 if the interest mortgage is 30% off. The interest rate is related to the length of the loan. The shorter the time, the lower the interest rate.

1, annual interest rate: refers to the interest rate of deposits or loans for one year; Annual interest rate12 = monthly interest rate.

2. Monthly interest rate: refers to the one-month deposit or loan interest rate; Monthly interest rate × 12= annual interest rate.

For example, the annual interest rate is 6%; The interest rate in Na Yue is 6%12 = 5%. The conversion relationship between monthly interest rate and annual interest rate is: monthly interest rate = annual interest rate/12, and the corresponding annual interest rate can be calculated by monthly interest rate × 12. For example, the monthly loan interest rate of a small loan company is 1.5%, and the corresponding annual interest rate is converted to1.5% ×12 =18%. In private lending, loan interest mostly refers to the monthly interest rate, such as the common monthly interest rate of 8% and the monthly interest rate of 1.5%. In fact, the corresponding monthly interest rates are 0.8% and 1.5% respectively, which translates into annual interest rates of 9.6% and 18%.

For example, Xiao Li planned to travel during the May Day holiday and applied for a 50,000 consumer loan with a term of 12 months and a monthly interest rate of 0.78%. What is the corresponding interest? How to calculate? If Xiao Li chooses to pay interest once a month and repay the principal when it is due, the corresponding loan interest is 4680 yuan (calculation formula: 50000× 12×0.78%). If it is equal principal and interest, the calculation is more complicated. 257 1. 10 yuan can be calculated by the equal repayment calculator. Of course, the interest rate of small loan companies will be comprehensively evaluated according to the borrower's credit status, so the interest rate is also high and low for different borrowers, but the highest is generally not more than 4 times the bank loan interest rate in the same period.