Teacher Zhao bought 30 thousand for a fixed period of 3 years, and then took out the principal and interest. What's the interest rate for the first year?

According to the information you provided, the final principal and interest is 34,329 yuan, and the calculated interest = principal and interest-principal = 34,329-30,000 = 4,329. Loan interest rate = interest/(principal× term) =4329/(30000×3)=0.048 1, which is converted into 4.8 1%.

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Reply time: 2022-0 1- 18. Please refer to the latest business changes announced by Ping An Bank in official website.