How is interest calculated, and how is interest calculated?

The formula for calculating interest: principal annual interest rate (percentage) deposit period.

The formula for calculating the interest on the deposit: Principal * Interest Rate * Term.

Note: The unit of interest rate should coincide with the term. For example, if the annual interest rate is used, the term should be measured in years; If the interest rate is monthly, the term shall be measured in months; The daily interest rate shall be measured in days.

Yearly, monthly, and daily interest rate conversion: monthly interest rate = annual interest rate 12;Daily interest rate = monthly interest rate 30 = annual interest rate 360.

Interest rate: Interest rate refers to the ratio of the amount of interest to the amount of borrowed funds, that is, the principal, over a certain period of time. Interest rate is the main factor that determines the cost of capital of enterprises, and it is also the decisive factor for enterprise financing and investment.

Refers to the ratio of the amount of interest due in each period to the par value of the amount borrowed, deposited, or borrowed, known as the total principal. The total interest on the amount lent or borrowed depends on the total principal, the interest rate, the frequency of compounding, and the length of time the loan, deposit, or borrow. The interest rate is the price that the borrower has to pay for the money borrowed from the borrower, and it is also the return that the lender receives for delaying its consumption and lending it to the borrower.

The interest rate is usually calculated as a percentage of the interest to the principal amount for a one-year term.

Interest calculation formula: interest = principal deposit interest rate, where the interest rate may be divided into annual interest rate, monthly interest rate, and daily interest rate. Interest is money other than the principal amount obtained from deposits and loans.

Bank loan interest is generally calculated on a monthly compound basis, and there are two ways to repay the loan in installments, one is equal principal and interest, and the other is equal principal.

Interest = Principal Interest Rate Deposit Period.

Interest is the fee for the use of money for a certain period of time, and refers to the remuneration received by the holder of the currency (creditor) from the borrower (debtor) for lending money or monetary capital. This includes interest on deposits, loans, and interest on various bonds. Under capitalism, the source of interest is the surplus value created by wage workers.

The essence of interest is a special form of transformation of surplus value, which is part of the profit.

1. Money other than the principal obtained from deposits and loans (different from 'principal').

2. Interest (interest) abstractly refers to the value-added amount brought by the injection and return of monetary funds to the real economic sector. Interest is less abstract and generally refers to the remuneration paid by the borrower (debtor) to the lender (creditor) for the use of borrowed money or capital. Also known as sub-gold, the symmetry of the mother gold (principal).

The formula for calculating interest is: interest = principal interest rate deposit term (i.e. time).

Interest is the remuneration received by the owner of the fund for lending the money, which comes from the part of the profit generated by the producer using the money to perform the operating function. It refers to the value-added amount brought by the injection and return of monetary funds to the real economic sector, and its calculation formula is: interest = principal interest rate 100% of the deposit period

3. Classification of bank interest.

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

Interest receivable refers to the remuneration that the bank receives from the borrower for lending funds to the borrower; It is the price that the borrower must pay to use the money; It is also a part of the bank's profits.

Interest payable refers to the remuneration paid by the bank to the depositor for absorbing the deposit; It is the price that the bank has to pay to absorb the deposit and is part of the bank's cost.

Interest calculation formula: interest = principal deposit interest rate, where the interest rate may be divided into annual interest rate, monthly interest rate, and daily interest rate. Interest is money other than the principal amount obtained from deposits and loans.

Basic knowledge of interest calculation:

a).The interest rate conversion formula for RMB business.

Daily interest rate = annual interest rate 360 = monthly interest rate 30

Monthly interest rate = annual interest rate 12

ii).Banks can use the accumulation method and the transaction-by-case method to calculate interest.

1.Accumulation Interest Method: The accumulated account balance is calculated based on the actual number of days per day, multiplied by the daily interest rate. The formula for calculating interest is: interest = accumulation of interest on a case-by-case basis * daily interest rate, where cumulative accumulation = total daily balance.

2.Accrual of interest on a case-by-case basis: Interest = Principal * Interest Rate * Loan Term Interest is calculated on a case-by-case basis.

c).Compound interest: Compound interest is the addition of interest at a certain interest rate. According to the regulations of the central bank, if the borrower fails to repay the interest within the time agreed in the contract, compound interest will be added.

iv).Penalty interest: If the lender fails to repay the bank loan within the time limit, the bank shall impose a penalty interest on the defaulter according to the contract signed with the parties.

5) Liquidated damages for overdue loans.

Interest calculation for the duration of the contract:

There are two aspects involved in the calculation of interest during the term of the contract, namely simple interest and compound interest.

1) Simple interest calculation: interest = principal * interest rate * loan term.

2) Compound interest calculation: The calculation of compound interest is the calculation of the principal and the interest generated by it, which is commonly referred to as the interest advantage. The characteristic of compound interest calculation is that the sum of the principal and interest at the end of the previous period is taken as the principal of the next period, and the amount of the principal of each period is different when calculating.

Compound interest = (previous balance) interest * (penalty interest) interest rate * loan term.

Total interest in the current period = compound interest (in the current period) + simple interest (in the current period * contract interest rate * loan term).

1. Annual interest rate = monthly interest rate 12 (month) = daily interest rate 360 (days);

2. Monthly interest rate = annual interest rate 12 (month) = daily interest rate 30 (days);

3. Daily interest rate = annual interest rate 360 (days) = monthly interest rate 30 (days).

Provisions for the calculation of interest:

1. When calculating interest, the number of deposit days will be counted as the beginning and not the end, that is, from the date of deposit to the day before withdrawal;

2. Regardless of leap year or ordinary year, regardless of month size or month, the whole year is calculated as 360 days, and each month is calculated as 30 days;

3. The maturity date of all kinds of fixed deposits is calculated on a yearly, monthly, and daily basis. That is, from the deposit date to the same day of the next year and the same month as a pair of years, and the deposit date to the same day of the next month is a pair of months;

4. On the maturity date of regular savings, such as not working on statutory holidays, you can withdraw it one day in advance, and the interest will be calculated as if it is due, and the procedures will be handled with early withdrawal.

Notes:

1. According to the "Circular of the People's Bank of China on Banning Underground Money Banks and Cracking Down on Usury Practices", the interest rate of private personal loans shall be determined by the borrower and the borrower through negotiation, but the interest rate negotiated by the two parties shall not exceed four times the interest rate of the same period and grade of loans (excluding floating) of financial institutions announced by the People's Bank of China. If it exceeds the above standards, it should be defined as usurious lending.

2. Article 26 of the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases stipulates that if the interest rate agreed between the borrower and the borrower does not exceed 24% per annum, and the lender requests the borrower to pay interest at the agreed interest rate, the people's court shall support it.

Interest calculation formula: interest = principal deposit interest rate, where the interest rate may be divided into annual interest rate, monthly interest rate, and daily interest rate. Interest is money other than the principal amount obtained from deposits and loans.

Summary. Dear, Hello, I am glad to answer for you: interest = principal interest rate deposit period, annual interest rate 12 = monthly interest rate; Monthly interest rate 30 = daily interest rate; Annual interest rate 360 = daily interest rate.

The interest rate is the abbreviation of "interest rate", which refers to the ratio of the amount of interest to the principal of the deposit or loan over a certain period of time. There are usually three types of interest rates: annual interest rate, monthly interest rate, and daily interest rate. The annual interest rate, in the simplest terms, is the one-year deposit interest rate, and the general wealth management or loan platform is the annual interest rate, which is expressed in the form of a few percent.

Dear, please code Hello, I am happy to answer for you: interest = principal interest rate deposit period, annual interest rate 12 = monthly interest rate; Monthly interest rate 30 = daily interest rate; Annual interest rate 360 = daily interest rate. The so-called interest rate is the abbreviation of "interest rate", which refers to the ratio of the amount of interest to the principal of the deposit or the principal of the loan and rent over a certain period of time.

There are usually three types of interest rates: annual interest rate, monthly interest rate, and daily interest rate. The annual interest rate, in the simplest terms, is the one-year deposit interest rate, and the general wealth management or loan platform is the annual interest rate, which is expressed in the form of percentages.

The monthly interest rate, the interest rate calculated according to a monthly cycle, the monthly interest rate is generally expressed in thousandths, if a platform displays 5, it must be the monthly interest rate. As the name suggests, the daily interest rate is calculated according to the daily interest calculation cycle, which is generally expressed in the number of ten-thousandths of the stool rent. Therefore, in the future, when you see the words that the interest rate of the jujube is as low as a few ten-thousandths, don't be cheated, this is the sun!

You should know that 5/10,000 multiplied by 365 days a year, the annualized interest rate is as high as. <>

The formula for calculating interest: principal Annual interest rate (percentage of slag) Deposit period If interest tax is charged (1-5%) Total principal and interest = principal + interest.

1.The interest rate of savings deposits is uniformly stipulated by the state and announced by the People's Bank of China. Interest rate, also known as interest rate, is the ratio of interest to principal within a certain date, which 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 in thousandths, and the daily interest rate is expressed in thousandths. For example, the annual interest rate of 9% is written as 9%, that is, the interest rate of every 1,000 yuan deposit is 90 yuan, and the monthly interest rate of 6% is written as 6, that is, the monthly interest rate of every 1,000 yuan is 6 yuan, and the daily interest rate of 1 percent and 5 cents is written, that is, the daily interest rate of every 1,000 yuan deposit is 1 jiao and 5 cents, and the monthly interest rate of China's savings deposits is listed. For the convenience of interest calculation, the three interest rates can be converted between them, and the conversion formula is:

Annual interest rate 12 = monthly interest rate; Monthly interest rate 30 = daily interest rate; Annual interest rate 360 = daily interest rate.

2.When calculating the interest on the deposit at the starting point, the principal is calculated with "yuan" as the starting point, and the corners and cents below the yuan are not interest-bearing, and the amount of interest is calculated to the quantile and rounded off below the quantile. Interest is calculated to the nearest centimeter level, and the total interest is rounded to the nearest percentage.

The classification of the interest calculation formula is mainly divided into the following four situations, first, the basic formula for calculating interest, the basic formula for calculating the interest on savings deposits is: interest = principal deposit interest rate, conversion of the rate, of which the conversion relationship between the annual interest rate, the monthly interest rate and the daily interest rate is: annual interest rate = monthly interest rate 12 (month) = daily interest rate 360 (days); Monthly interest rate = annual interest rate 12 (month) = daily interest rate 30 (days); Daily interest rate = annual interest rate 360 (days) = monthly interest rate 30 (days), in addition, the use of interest rate should be consistent with the deposit period;

Extended information: The starting point of interest calculation in the interest calculation formula, the starting point of interest calculation of savings deposits is yuan, and no interest is paid for the corner points below yuan; The interest amount is rounded to the nearest cent, and the actual payment will be rounded to the nearest cent; Except for the annual settlement of current savings, which can transfer interest to the principal to earn interest, all other types of savings deposits, regardless of the tenor, will be repaid with the principal at the time of withdrawal.

Hello! Based on the situation you provide, the analysis is as follows:

Several Opinions of the Supreme People's Court on the Trial of Lending Cases by the People's Courts stipulate that the interest rate of private lending may be appropriately higher than the interest rate of banks, and the people's courts in various localities may specifically grasp it according to the actual situation of their own region, but the maximum shall not exceed four times the interest rate of similar loans of banks (including the interest rate itself). If this limit is exceeded, the interest on the excess part shall not be protected.

The lender is not allowed to accrue interest to the principal for usury. If it is found during the trial that the creditor includes the interest in the principal to calculate compound interest, only the principal will be returned.

8. If there is a dispute between the borrower and the borrower as to whether there is an agreed interest rate and cannot prove it, the interest can be calculated with reference to the bank's interest rate of the same type of loan.

If there is a dispute between the borrower and the borrower over the agreed interest rate, and they cannot prove it, they may refer to the provisions of Article 6 of these Opinions to calculate the interest.

9. Fixed-term interest-free loans between citizens, where the lender requires the borrower to repay the overdue interest, or the irregular interest-free loan is not repaid after being reminded; If the lender requests the repayment of the interest after the reminder, the interest may be calculated with reference to the interest rate of the same type of bank loan.

In other words, it depends on whether your loan is on a regular basis, whether it was clearly agreed (e.g. in writing) that there is no interest at the beginning, or whether there is a dispute over whether the interest is agreed and there is a lack of documentary evidence

Interest calculation formula: interest = principal deposit interest rate, where the interest rate may be divided into annual interest rate, monthly interest rate, and daily interest rate. Interest is money other than the principal amount obtained from deposits and loans.