Interest = principal × interest rate× deposit time
The principal value is at the meta level. No interest is charged below RMB. The calculated interest is reserved for the quantile. There are four houses and five people under the position. Interest rate refers to the ratio of the interest of a deposit to the principal of the deposit. The interest rate is formulated and published by the People's Bank of China authorized by the State Council, and implemented by all financial institutions.
Interest rate means: annual interest rate%. The monthly interest rate is%. The daily interest rate is%%. Pay attention to the relationship when using interest rates:
Annual interest rate12 = monthly interest rate, and monthly interest rate/30 = daily interest rate.
Data expansion
General provisions of interest calculation
1. Interest range?
Commercial banks absorb depositors' funds. Except for deposits in the financial budget and funds with special provisions, no interest is charged. Interest shall be paid as required. The accounting department shall, according to the interest settlement period and calculation method. Calculate interest accurately. Payable and unpaid deposit interest shall be accounted for on the accrual basis.
2. Interest bearing time
Deposit period is the time of deposit. Generally speaking, the term of deposit is "beginning but not ending". That is, deposit it in El to calculate interest. Interest is not calculated on the withdrawal date. The calculation method is withdrawal from the depositor's date to the 1 day.