If you borrow 654.38+0.5 million yuan, write 654.38+0 interest on the loan slip (calculated at the annual interest rate of 654.38+0%) and borrow it for a whole year.
Then the interest of the loan 1 year = principal × interest rate× maturity =150000 *10% *1=15000 yuan.
Extended information:
1, interest refers to the reward that the money holder (creditor) gets from lending money or monetary funds from the borrower (debtor). Including deposit interest, loan interest and various bond interest. Simply put, it is money other than the principal obtained from deposits and loans (different from "principal").
2. The amount of interest depends on three factors: principal, deposit term and interest rate level.
The interest calculation formula is: interest = principal x interest rate x deposit term.
According to State Taxation Administration of The People's Republic of China Guoshuihan [2008] No.826, since June 9, 2008, personal income tax is temporarily exempted from the interest income of savings deposits. Therefore, the interest tax on savings deposits is temporarily exempted.