The interest is 5%, and the units are divided into annual interest 5%, monthly interest 5‰, and daily interest 0.5‰. The basic formula for calculating interest. The basic formula for calculating interest on savings deposits is: interest = principal × deposit period × interest rate.

Interest rate, also known as interest rate, is the ratio of interest to principal within a certain date. It is generally divided into three types: annual interest rate, monthly interest rate, and daily interest rate.

The annual interest rate is expressed as a percentage, the monthly interest rate is expressed as a thousand percent, and the daily interest rate is expressed as a ten thousand percent.

For example, the annual interest rate of 5% is written as 5%, that is, the regular one-year interest rate for every thousand yuan of deposits is 50 yuan, the monthly interest rate of 5% is written as 5‰, that is, the monthly interest rate for every thousand yuan of deposits is 5 yuan, and the daily interest rate of 5 centimeters is written as 0.5

‰, that is, the daily interest is 50 cents per thousand yuan of deposit.

Interest is the fee for using currency within a certain period of time, which refers to the remuneration that currency holders (creditors) receive from borrowers (debtors) for lending currency or currency capital.

Including interest on deposits, loans and various bonds.

Under capitalism, the source of interest is the surplus value created by wage workers.

The essence of interest is a special transformation form of surplus value and is a part of profit.

Definition: 1. Money other than principal received from deposits and loans (different from ‘principal’).

2. Interest (interest), in abstract terms, refers to the amount of value added when monetary funds are injected into and returned to the real economic sector.

To put it less abstractly, interest generally refers to the remuneration paid by the borrower (debtor) to the lender (creditor) for the use of borrowed currency or capital.

Also called sub-gold, the symmetry of the parent fund (principal).

The formula for calculating interest is: Interest = Principal × Interest Rate × Deposit Term (that is, time).

Interest is the remuneration received by the owner of the funds for lending the funds. It comes from a part of the profit generated by the producer using the funds to perform operational functions.

It refers to the value-added amount brought about when monetary funds are injected into and returned to the real economic sector. Its calculation formula is: interest = principal × interest rate × deposit period × 100%.

3. The classification of bank interest can be divided into two types: bank interest receivable and bank interest payable according to the nature of banking business.

Interest receivable refers to the remuneration a bank receives from borrowers for lending 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.