How much interest does it take for farmers to spend 8000 yuan overdue for ten days?

Sui Xinhua Bai, a farmer, is a consumer loan product launched by Agricultural Bank of China. According to the information provided, the interest of farmers who are overdue for ten days at will is calculated as follows:

1. First of all, rural merchants can spend freely as a consumer loan product, and ten days overdue means that the borrower delays repayment for ten days after the repayment date.

2. Secondly, the Agricultural Bank charges overdue interest according to the loan contract. The specific interest calculation method is as follows:

A) Agricultural banks generally use daily compound interest, that is, interest is calculated according to the number of days overdue.

B) The interest rate is determined according to the loan contract and fluctuates according to the current market interest rate.

C) The Agricultural Bank calculates the interest according to the loan amount and the overdue days.

3. Summary: Farmers spend 8,000 yuan at will for ten days overdue interest, which is determined according to the interest rate agreed in the loan contract and the calculation method of daily compound interest.

4. Extended information:

Users can know the specific interest-bearing method and interest rate by consulting Agricultural Bank of China or inquiring about relevant loan contracts.

The above is the answer that farmers spend 8,000 yuan at will for ten days overdue interest. I hope it helps you.