9% interest is nine thousandths.

If the annual interest rate is 0.9 ‰, the annual interest is: 10000 yuan ×9‰=90 yuan.

If the monthly interest rate is 0.09%, the annual interest rate is: 10000 yuan ×9‰× 12= 1080 yuan.

Interest, in form, is the reward that the monetary owner gets from the borrower for issuing monetary funds; On the other hand, it is the price that the borrower must pay for using monetary funds. Interest is essentially a part of profit and a special form of profit transformation.

Interest is the reward that the fund owner gets by lending the fund to the fund user, and it comes from a part of the profits formed by the producers using the fund to play their business functions. Refers to the value-added amount brought by monetary funds injected into the real economy and returned. Its calculation formula is: interest = principal × interest rate × time.

Formula interest

Interest (year) = principal × annual interest rate (percentage) × deposit period

Interest = principal × interest rate× deposit period

Factors of folding and editing this paragraph

Folding delay consumption

Lenders lend money, which is equivalent to delaying the consumption of consumer goods. According to the principle of time preference, consumers will prefer current goods to future goods, so there will be positive interest rates in the free market.

Eliminate expected inflation

Inflation will occur in most economies, representing a certain amount of money, and fewer goods can be purchased in the future than now. So the borrower needs to compensate the lender for the losses during this period.

Folding alternative investment

Lenders can choose to invest their money in other investments. Due to the opportunity cost, the lender lends money, which is equivalent to giving up the possible return on other investments. Borrowers need to compete with other investments for this fund.

Folding investment risk

Borrowers are at risk of bankruptcy, absconding or default at any time, and lenders need to charge extra fees to ensure that they can still get compensation under these circumstances.

Folding liquidity preference

People will prefer that their funds or resources can be traded immediately at any time instead of spending time or money to get them back. Interest rate is also a kind of compensation for this.

2. What is the monthly interest rate of 9% equal to the annual interest rate?

The monthly interest rate of 9% is equivalent to the annual interest rate 10.8%.

Private lending usually uses monthly interest rate to calculate interest. For example, the monthly interest rate of 9% means monthly interest 1 yuan principal of 0.009 yuan. If expressed in percentage, the monthly interest rate is 0.9%, and the annual interest rate is equal to 0.9% x 12 = 10.8%. Although the annual interest rate 10.8% is three times higher than the bank deposit rate, it is still the legal interest rate, but it is not more than four times as prescribed by law.

3. What is the concept of monthly interest rate of 9% 9? What is the monthly interest of 65438+ ten thousand yuan?

The monthly interest rate of 9.9% means that the monthly interest rate is 0.99%, and the monthly interest of 654.38+ 10,000 yuan is 990 yuan.

The annual interest rate is generally% (percentage), and the monthly interest rate is generally expressed as ‰ (one thousandth); The daily interest rate is a few cents according to the principal and interest.

If the daily interest rate is 1%, that is, the principal is 1 yuan, and the daily interest rate is 0.005438+0 yuan. (1% =0.00 1 yuan, 10 cents =0.000 1 yuan)

9% is 0.99%, so the monthly interest =0.99%.

According to the formula, monthly interest = monthly interest rate of principal.

Substituting the data in the question, we can get the formula:

Monthly interest = 1000000.99%=990 yuan.

Extended data:

Interest rate control policy:

China People's Bank's application. Interest rate adjustment is more frequent every year, and the interest rate is perfect.

With the gradual advancement of interest rate marketization reform, interest rate policy, as one of the main means of monetary policy, has been transformed into indirect regulation. As an important economic lever, interest rate will play a more important role in the national macro-control system.

Since the reform and opening up, the People's Bank of China has gradually become an important lever by adjusting the level and structure of interest rates and reforming the interest rate management system.

In May and July of 1993, the People's Bank of China raised the deposit and loan interest rates twice, and in May and July of 1995, it raised the loan interest rates twice. These adjustments have effectively controlled inflation and the scale of fixed assets investment.

In May and August, 1996, 1997 and 10, the central bank lowered the deposit and loan interest rates four times in due course, which had a positive impact on reducing the interest burden of enterprises, especially large and medium-sized state-owned enterprises, and promoting the stable development of the national economy on the basis of protecting the interests of depositors.