The annual interest rate is generally% (percentage), and the monthly interest rate is generally expressed as ‰ (one thousandth); The daily interest rate is expressed as a few tenths of the principal, which is usually called a few cents.
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)
1 Li = 0.00 1 = 0. 1%，
Then 2%=0. 1%*20, that is, 2% is binary interest.
Take the principal of 1 ten thousand yuan as an example, and the annual interest rate is 2%.
According to the formula, annual interest = principal * annual interest rate = 10000*2%=200 (yuan).
Extended data:
Monthly interest rate = daily interest rate ×30
Annual interest rate = monthly interest rate × 12
Interest = interest product × daily interest rate
Daily interest rate = daily interest deposit (loan) X 100%
Daily interest rate =? Monthly interest rate ÷30
Daily interest rate =? The annual interest rate is 360.
Influencing factors of interest rate:
1, central bank policy
Generally speaking, when the central bank expands the money supply, the total supply in loanable funds will increase, the supply exceeds demand, and the natural interest rate will decrease accordingly; On the contrary, the central bank implements a tight monetary policy, reducing the money supply, so that loanable funds's demand exceeds supply, and interest rates will rise accordingly.
2. Price level
Market interest rate is the sum of real interest rate and inflation rate. When the price level rises, the market interest rate also rises accordingly, otherwise the real interest rate may be negative. At the same time, due to rising prices, the public's willingness to deposit will decrease, while the loan demand of industrial and commercial enterprises will increase. The imbalance between deposit and loan caused by loan demand exceeding loan supply will inevitably lead to an increase in interest rates.
3. Stock and bond markets
If the securities market is on the rise, the market interest rate will rise; On the contrary, interest rates are relatively low.
4. International economic situation
Changes in a country's economic parameters, especially changes in exchange rates and interest rates, will also affect interest rate fluctuations in other countries. Naturally, the rise and fall of the international securities market will also bring risks to the interest rates faced by international banking business.
Baidu encyclopedia-daily interest rate