When it comes to the loan interest rate, we have to say that the daily interest rate is 0.05, because now many private loans are about this interest. What is the daily interest rate of 0.05? How much is the daily interest of 0.05% and the monthly interest?
If the daily interest rate multiplied by 30 is the monthly interest rate, and the daily interest rate is 0.05%, then the monthly interest rate is 0.05% x30 = 1.5%, that is to say 10000 yuan per month, 10000x1.5% = 150 yuan.
The daily interest rate multiplied by 365 or the monthly interest rate multiplied by 12 is the annual interest rate, and then the present value and the final value can be calculated according to the compound interest formula.
Development materials:
Interest rate is also called interest rate. It refers to the ratio of the amount of interest to the principal in a certain period. It is usually expressed as a percentage, and it is called annual interest rate when calculated by year. The formula is: interest rate = interest amount & divide; principal & divide; time & times; 100%.
Daily rate, also known as daily rate or daily rate. It refers to the ratio of the amount of interest on one day of deposit and loan to the amount of loan currency. The daily interest rate is the interest calculated by the daily interest cycle, which is expressed by ten thousandths of the principal. It is usually called the daily interest rate of a few percent. If the daily interest is 1%, that is, the principal is 1 yuan, and the daily interest is 1%. (1 per cent = 0.001 yuan, 10 cents = 0.0001 yuan).