Interest =100010.8%1=1080 yuan. The annual interest rate 10.8% generally refers to the loan interest rate. If the loan is one year 10000 yuan, according to the interest calculation formula, the interest is =100010.8%1=1080 yuan. Such borrowing costs are still high. It is worth mentioning that the annual interest rate can also be converted into daily interest rate or monthly interest rate. Annual interest rate ÷ 12= monthly interest rate; Annual interest rate ÷360= daily interest rate. 10.8% annual interest rate generally appears on online loans, and bank loans will not give such a high interest rate.
First, the expression of interest rate:
1, the annual interest rate is expressed as percentage, the monthly interest rate is expressed as one thousandth, and the daily interest rate is expressed as one thousandth.
2. The annual interest rate of 6% is written as 6%, that is, the deposit interest rate per thousand yuan is set as one year, and the monthly interest rate of 5% is written as 5‰, that is, the January interest rate per thousand yuan deposit is 5 yuan, and the daily interest rate 1.6 mm is written as 0. 16‰, that is, the daily interest rate per thousand yuan deposit is 1.6 cents.
Second, the provisions of the deposit period:
1. When calculating interest, the number of days of deposit is calculated at the beginning, not at the end, that is, from the date of deposit to the day before withdrawal;
2, regardless of leap year, average year, regardless of the size of the month, 360 days a year, 30 days a month;
3. Calculated by year, month and day, the maturity date of various time deposits shall be subject to year, month and day. That is, from the deposit date to the same day of the following year is a pair of years, and the deposit date to the same day of next month is a pair of months;
4. Maturity date of time deposit. For example, if you don't work on legal holidays, you can withdraw one day in advance and calculate interest at maturity. The procedure is the same as that of early withdrawal.
Annual interest rate refers to the ratio of interest amount to deposit principal or loan principal within one year, which is a fixed value; The annualized interest rate is the reference rate of return. This interest rate is only a theoretical interest rate, not real income data.
1. Annual interest rate refers to the ratio of interest amount to deposit principal or loan principal within one year. It is the fixed value that determines the income and interest of deposits and loans. The annual interest rate refers to the deposit interest rate for one year. The so-called interest rate is the abbreviation of "interest rate", which refers to the ratio of interest amount to deposit principal or loan principal in a certain period of time. Usually divided into annual interest rate, monthly interest rate and daily interest rate. The annual interest rate is expressed as a percentage of the principal, the monthly interest rate as a percentage, and the daily interest rate as a percentage.
2. The annualized interest rate refers to the annualized rate of return converted from the current rate of return. This interest rate is only a theoretical interest rate, not real income data. The annualized interest rate will change in a short time. It can reflect the performance level of products over a period of time.
When users apply for loans online, they must choose a formal platform to avoid borrowing from informal platforms. Generally speaking, the borrowing interest of informal platforms is very high. When applying for a loan online, you can compare the loan interest rates given by different platforms, and then choose the one with low loan interest rate. In this way, you can pay less interest after applying for a loan, which is conducive to subsequent repayment. Loans from formal platforms cannot be overdue, because overdue loans will generate penalty interest and collection. It should be noted that when the loan amount is large, it is best for users to apply for a loan through the bank, because the loan interest rate given by the bank is low. At the same time, users can choose different repayment methods and longer repayment time. However, it takes a long time to apply for a loan through a bank.
What is the annual interest on a loan of 10,000 yuan?
Annualized interest rate 14.4%, monthly interest of 10,000 yuan 120 yuan. According to the monthly interest rate = annual interest rate/12 and monthly interest rate =14.4%/12 =10.2%, if the loan is 10,000 yuan, the interest to be paid is14.4.
What is the annual interest rate？
The annual interest rate refers to the deposit interest rate for one year. Interest rate is the abbreviation of "interest rate", which refers to the ratio of interest amount to deposit principal or loan principal in a certain period. Usually divided into annual interest rate, monthly interest rate and daily interest rate. The annual interest rate is expressed as a percentage of the principal, the monthly interest rate as a percentage, and the daily interest rate as a percentage. When the economic development is in the growth stage, the investment opportunities of banks increase, the demand for financing funds increases and interest rates rise. On the contrary, when the economic development is depressed and the society is depressed, the willingness of banks to invest decreases, the demand for financing funds naturally decreases, and the market interest rate is generally low.
Calculation method of annual interest rate
On March 3, 20021March 3 1, the People's Bank of China issued an announcement stipulating the annualized interest rate of loan products. The annualized loan interest rate should calculate the ratio of the total loan cost received by the borrower to the actual loan principal and convert it into an annualized form. The annualized loan interest rate can be calculated by compound interest or simple interest method. The calculation method of compound interest is internal rate of return method; If the simple interest calculation method is adopted, the simple interest shall be explained.
All institutions engaged in loan business must show the annualized interest rate to borrowers in a clear way when marketing through websites, mobile apps, posters and other channels. Institutions engaged in financing business include deposit financial institutions, auto finance companies, consumer finance companies, companies, and Internet platforms that provide advertising and display platforms for financing business, but are not limited to this.
Generally speaking, after the central bank expanded the money supply, the total supply in loanable funds increased, the supply exceeded demand, and the natural interest rate dropped. On the contrary, the central bank implemented a tight monetary policy, reduced the money supply, and did not seek loanable funds's supply, so interest rates rose.
How much is the interest on the loan for eleven thousand years?
Take the latest loan interest rate of China Bank in February 20 19 as an example. The loan interest of 1 year 1000 yuan is 430 yuan.
20 19 12 the preferential interest rate for bank loans in China is 4.3%, and the loan interest 100004.3% = 430 yuan.
Extended data
The bank loan interest rate is determined by the loan contract interest rate of banks and other financial institutions as lenders, and both parties can only determine it through consultation within the upper and lower limits of interest rates stipulated by the People's Bank of China. If the loan interest rate is high, the repayment amount of the borrower will increase after the loan term, otherwise it will decrease. There are three factors that determine loan interest: loan amount, loan term and loan interest rate.
The decisive factors of bank loan interest are:
1, bank cost. Any economic activity needs cost-benefit comparison. There are two types of bank costs: borrowing costs-prepaid interest on borrowed funds; Additional cost-the cost of normal business.
2. Average profit rate. Interest is the subdivision of profit, which must be less than the profit rate, and the average profit rate is the highest limit of interest.
3. Supply and demand of loan funds. If the supply exceeds the demand, the loan interest rate will inevitably fall, and vice versa. In addition, the loan interest rate also needs to consider price changes, securities returns, political factors and so on.