The interest rate of 0.05% is 0.05%, and the interest rate is 0.05% per day.

Interest = principal × interest rate × time

One day’s interest = 10000 × 0.05 = 5 yuan

One month’s interest = 10000 × 0.05 × 30 (or 31) = 150 yuan (or 155 yuan).

According to the different nature of banking business, it can be divided into two types: bank interest receivable and bank interest payable.

Interest receivable refers to the remuneration a bank receives from borrowers when it lends funds to borrowers; it is the price borrowers must pay for using funds; it is also part of the bank's profits.

Interest payable refers to the remuneration paid to depositors by a bank for absorbing deposits from depositors; it is the price that a bank must pay to absorb deposits and is also part of the bank's costs. Extended information

As the price of funds, interest plays a very important role in the operation of the market economy, mainly in the following aspects:

The function of influencing corporate behavior

As the capital occupation cost of enterprises, interest has directly affected the level of economic benefits of enterprises. In order to reduce costs and improve efficiency, enterprises must do everything possible to reduce the amount of funds occupied, and at the same time conduct cost comparisons of various fund-raising methods during the financing process. If enterprises in the whole society regard saving interest expenses as a common behavior pattern, then the efficiency of economic growth will definitely be improved.

Function that affects residents’ asset selection behavior

Under the conditions of the continuous improvement of the actual income level of Chinese residents and the increasing savings ratio, asset selection behavior has emerged, and the increase in financial instruments has Residents' asset selection behavior provides an objective basis, and interest income is the main incentive for residents' asset selection behavior. The residential sector attaches great importance to interest income and spontaneously generates asset selection behavior, which has an impact that cannot be ignored, both on macroeconomic regulation and on the reconstruction of micro-foundations.

Baidu Encyclopedia-Interest