According to the meaning of the question, the financial management principal =5000 yuan,
5% financial interest, that is, interest rate =5%,
According to the formula, income = principal * interest rate.
Substituting the data in the question, we can get the formula:
Income =5000*5%=250 (yuan)
Extended data:
The amount of interest depends on three factors: principal, deposit period and interest rate level.
The calculation formula of interest is: interest = principal x interest rate x deposit term.
According to People's Republic of China (PRC) State Taxation Administration of The People's Republic of China Guoshuihan [2008] No.826, since June 9, 2008, personal income tax on savings deposit interest is temporarily exempted, so the interest tax on savings deposit interest is temporarily exempted at present.
Investment and financial management methods:
Investors need to open corresponding investment and wealth management accounts before investing and wealth management. In order to prevent investors from falling into the misunderstanding of investment and financial management, resulting in property and spiritual losses, investors should go to formal financial institutions that meet the requirements of national supervision when opening investment and financial management accounts such as savings, insurance, stocks, bonds, foreign exchange, futures and gold.
China's financial institutions are mainly divided into three parts: banks, insurance and securities. However, from the perspective of investment and wealth management, securities companies can provide investors with more investment and wealth management channels and apply for more types of investment and wealth management accounts. Some financial instruments (such as bonds) can also open investment and financial accounts through various channels (banks or securities companies).
Generally speaking, banks can handle savings products, bank wealth management products and fund products through investment and wealth management accounts opened by banks, and large banks can also purchase government bonds through the banking system.
Due to the wide distribution of bank outlets, investment and wealth management accounts opened through bank channels can be handled at bank counters. For insurance companies, investment and wealth management products such as life insurance and property insurance can be purchased through investment and wealth management accounts opened by insurance companies.
For securities companies, stocks (including A shares, B shares, H shares, etc.) and other investment and financial management tools. ), bonds (including government bonds, corporate bonds, corporate bonds, etc. ) and futures (including financial futures such as stock index futures and foreign exchange futures, and commodity futures such as gold futures and agricultural products futures) can be used for investment and wealth management.
The opening of a securities account can be handled in the business department of a securities company, and it needs to be handled within the trading day. Some securities companies can make online appointments through the websites of various provinces, and the opening time of accounts by appointment is also flexible, which can support opening accounts on Saturday and Sunday.