Please pay attention to the official account of "Bank of China Micro-Banking" WeChat, select the function of "Microfinance-Function Hall-Financial Tools and Information Inquiry-Loan Calculator" in the menu below, and enter the calculation conditions according to the page prompts for inquiry. (Daily interest rate = annual interest rate /360)
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How to calculate the daily interest of 0.025%?
0.025%/3 1=0.0008 1%。
Daily interest rate
1. daily rate, also known as daily rate or daily rate. Refers to the ratio of the single-day interest amount of deposits and loans to the amount of borrowing money.
2. The daily interest rate is the interest calculated on a daily basis, expressed as a few ten thousandths of the principal, usually called a few cents a day. (1% =0.00 1 yuan, 10 cents =0.000 1 yuan).
3. Conversion formula of daily interest rate, annual interest rate and monthly interest rate:
Daily interest rate (0/000)= annual interest rate (0/0)÷360.
Monthly interest rate (0/00)= annual interest rate (0/0)÷ 12.
Monthly interest rate = daily interest rate ×30.
Annual interest rate = monthly interest rate × 12.
Interest = interest product × daily interest rate.
4. Formula:
Formula 1: daily interest rate = daily interest deposit (loan) amount X 100%.
Formula 2: Daily interest rate = monthly interest rate ÷30.
Formula 3: Daily interest rate = annual interest rate ÷360.
5. Importance:
The daily interest rate is of little practical significance to ordinary bank depositors, but it is widely used for large-scale short-term financing in large enterprises, banks, securities companies or other non-financial institutions.
Because the amount of funds related to these institutions is particularly large, even if the daily interest rate is relatively low and the base is large, the calculated daily interest rate is huge and cannot be ignored in financial processing.
However, in general enterprises, due to the small amount of funds, the use of daily interest is less, which has no specific practical significance.
What is the daily interest rate of 0.02%?
A daily interest rate of 0.02% means 2 cents. Let's give an example. Suppose there is a principal of 10,000 yuan, then the interest on the loan for one day is 2 yuan.
The annual interest rate is usually expressed in% (percentage), and the monthly interest rate is usually expressed in ‰ (one thousandth); The daily interest rate is expressed as a few ten thousandths of the principal. In general, the daily interest rate is called a few cents.
If the daily interest rate is 1%, that is, the principal is 1 yuan, and the daily interest rate is 0.00 1 yuan. (1% =0.00 1 yuan, 10 cents =0.000 1 yuan), and the daily interest rate of 0.02% means two ten thousandths.
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