In addition, loan interest 1% means that the loan is 1% 0 yuan money, that is, the interest rate is 0. 1%. Such a low loan interest rate cannot be a monthly interest rate, let alone an annual interest rate. According to empirical analysis, it should be the daily interest rate. The daily interest rate is 0. 1%, and the monthly interest rate should have arrived. For monthly interest, one percent is one thousandth; For the daily interest rate, 1% is 1/10000; According to different situations, the meaning of a mile is different. Bank deposit interest rate: annual interest rate (%) current deposit 0.35 three-month fixed deposit 1.60 semi-annual fixed deposit 1.80 one-year fixed deposit 2.00 two-year fixed deposit 2.60 three-year fixed deposit 3.25 five-year fixed deposit 3.35.
Moreover, Li's unit is commonly used in private lending, meaning a few thousandths. For example, 3% interest is 0.3%, and interest is calculated by time. Before calculation, it is necessary to distinguish whether it is day, month or year. The interest of 1% is 10000 yuan, and the deposit period is1000 * 0.1%=10 yuan. If the principal is 10000 yuan, the daily interest of 1% is 10000 * 065438. It's 30 yuan. Ten thousand yuan a month in 30 yuan. Actual 28 yuan -3 1 yuan. But the above situation will not happen in reality. The general monthly interest rate is 10000 * 0.1%=10 yuan for one month, which is10 yuan, in cents and centimeters (decimal).
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Interest rate is interest rate. There are generally three kinds: annual interest rate, monthly interest rate and daily interest rate. The annual interest rate is expressed as a percentage and the monthly interest rate is expressed as one thousandth. A penny is equal to 10%. Generally speaking, the interest of 1% means that the interest of a dollar for one month is 1%, which means that the interest of one month is 1%, and the interest of one year is 12%. The point is that it is not easy to distinguish the difference between annual interest and monthly interest.