How to calculate the interest rate of 3.8?

How to calculate the interest rate of 3.8%

An interest rate of 3.8% means an annual interest rate of 3.8%. For example, if you deposit 10000 yuan a year, the interest after maturity is: 10000*3.8%=380 yuan.

1. The annualized interest rate of products should be between 8.2%- 10.03%. The following analysis:

1. Whether the loan product is of high quality depends first on the repayment method. The product that pays the interest first and then returns it with the loan has the highest quality, because it can reasonably arrange the capital demand according to its own needs and minimize the capital cost. Secondly, for products that pay interest first, the interest rate displayed by this product is the real interest rate, which is what we call the annualized interest rate. The worst is the credit card installment equal principal and interest method, which has the highest capital cost. The annualized interest rate is 0.8-2.2 times of the displayed interest rate of 65438+, mainly due to the low utilization rate of funds.

2. According to the analysis, the comprehensive monthly interest rate of 3.8% you mentioned should be the bank's interest rate or the interest rate after beheading, and its actual interest rate will be higher than the credit card installment.

This is definitely higher than the benchmark mortgage interest rate of 4.9%. The conclusion has been given above. Of course, this product may be a "non-creditable" creditor's right, that is, a product that does not fully show its liabilities. Based on the above analysis, to see whether the loan is of high quality, first look at the repayment method, and then look at the loan interest rate. Calculating the annualized interest rate through the repayment method is the real interest rate.

Second, the loan interest depends on the interest rate, and the final monthly repayment amount depends on the repayment method. What is the interest rate? You said 7% per month. What is the repayment method: * * There are four types: equal interest, equal principal and interest, average capital, interest first, and principal later. Here, we only talk about the loan with equal principal and interest 10000 yuan, with a monthly interest of 7% and equal principal and interest repayment, with a term of 12 months. Common calculation methods are based on equal cost and equal interest.

Iii. As follows: monthly repayment interest: 10000×0.7% = 70 yuan monthly repayment principal: 10000÷ 12 (month) = 833 yuan monthly repayment: 70+833.33 = 903 yuan and how to calculate the truth. As follows: monthly repayment of principal: 10000÷ 12 (month) = 833 yuan; first month interest:10000× 0.7% = second month interest in 70 yuan: (10000-833).

How to calculate the interest of 3.8%

The interest rate is 3.8%, and the default is usually 3.8% per annum. Take RMB 654.38+10,000 yuan as an example. If it is deposited in a bank account, the annual interest will be 1 0,000,000 x 3.8% = 3,800 yuan.

Interest is the use fee of money in a certain period of time, and it refers to the reward that money holders (creditors) get from borrowers (debtors) for lending money or monetary capital. Including deposit interest, loan interest and interest generated by various bonds. Under the capitalist system, the source of interest is the surplus value created by hired workers. The essence of interest is a special transformation form of surplus value and a part of profit.

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Interest:

1. Money other than the principal of deposits and loans (different from "principal").

2. The abstract interest point refers to the value added when monetary funds are injected into the real economy and returned. Generally speaking, interest refers to the remuneration paid by the borrower (debtor) to the lender (creditor) for using the borrowed currency or capital. Also known as the symmetry between the sub-fund and the parent fund (principal). The calculation formula of interest is: interest = principal × interest rate × deposit period (i.e. time).

Interest is the reward that the fund owner gets for lending the fund, which comes from a part of the profits that the producer makes by using the fund to play its operational functions. Refers to the value-added amount brought by monetary funds injected into the real economy and returned. The calculation formula is: interest = principal × interest rate × deposit period × 100%.

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

Interest receivable refers to the remuneration that the bank obtains from the borrower by lending to the borrower; It is the price that the borrower must pay for using the funds; It is also part of the bank's profits.

Interest payable refers to the remuneration paid to depositors by banks to absorb their deposits; It is the price that banks must pay to absorb deposits, and it is also part of the cost of banks.

How to calculate the 3.8% bank interest?

The annual interest rate of bank loans is 3.8%. Suppose you deposit 10000 yuan with annual interest of 385 yuan.

The annual interest rate of bank loans is 3.85%. If the calculation method of one-time repayment of principal and interest is adopted, the loan interest is the loan principal *3.85%* loan term (year). However, if you use equal principal and interest or equal principal repayment, because the formula is complicated, we will not write the formula here for the time being, and users can use the calculator provided online to calculate the corresponding interest.

In short, the loan interest rate of 3.85% is a low loan interest rate, and the bank loan can be obtained at this interest rate, which shows that the credit qualification conditions of users are excellent.

The calculation method of annual interest rate is: interest = annual interest rate * deposit amount * years. If you deposit 654.38+00000 yuan in the bank for two years with an annual interest rate of 3.85%, the interest after two years will be 770 yuan, and the total principal and interest will be 654.38+00770. However, if you deposit a fixed deposit for one year, you can enjoy compound interest, with the interest of 385 yuan in the first year and 399.8 yuan in the second year, and the principal plus interest 10784.8. The daily interest rate is usually expressed as a few ten thousandths of the principal, calculated on a daily basis. The specific calculation formula is: daily interest rate = annual interest rate +360= monthly interest rate+30; The monthly interest rate is expressed as a few thousandths of the principal, and the interest is calculated monthly. The specific calculation formula is: monthly interest rate = annual interest rate+12= daily interest rate *30.

For example, the daily interest rate of a loan product is five ten thousandths, which means the daily interest rate is 0.05%. If it is calculated as 30 days a month and 360 days a year. Then, its monthly interest rate is 0.05%*30= 1.5%, and its annual interest rate is1.5% *12 =18%.

For most people, interest rate is not only the cost of loan, but also the reference of deposit income. So, whether it's a loan or a deposit. Users must know its daily, monthly and annual interest rates. Then, according to your own judgment, decide whether to borrow or deposit.

In addition, some private lending interests also need users' attention. Some interest here refers to the monthly interest. For example, the interest of 2 cents means the monthly interest rate is 2%, and the annual interest rate is 2%* 12= 24%. The user borrows 10000 yuan, and the interest is 2400 yuan a year.

China people's bank loan benchmark interest rate:

(1) Short-term loan: within one year (including one year), and the adjusted interest rate is 4.35.

(2) Medium and long-term loans: the adjusted interest rate is 4.75 for one to five years (including five years); The adjusted interest rate for more than five years is 4.90.

(3) Personal housing provident fund loan: the adjusted interest rate is 2.75 for less than five years (including five years); The adjusted interest rate for more than five years is 3.25.

On the loan interest rates of the six major banks:

1. Industrial and Commercial Bank of China

ICBC, the interest rate of short-term loans (within six months, including six months) is 4.35%; The loan interest rate for half a year to one year (including one year) is 4.35%. The loan interest rate for one year to three years (including three years) is 4.75%, and the loan interest rate for more than five years is 4.9%.

If it is a provident fund loan, the loan interest rate for less than five years (including five years) is 2.75%; The loan interest rate for more than five years is 3.25%.

2 Agricultural Bank of China

The short-term loan interest rate of ABC (within six months, including six months) is 4.35%; The loan interest rate for one year to five years (including five years) is 4.75%, and the loan interest rate for more than five years is 4.9%. For individual housing provident fund loans, the loan interest rate for five years and below is 2.75%, and the loan interest rate for five years and above is 3.25%.

3. China People's Bank

The loan interest rate of China Mingren Bank is 4.35% within one year (including one year), 4.75% for one to five years (including five years) and 4.9% for loans over five years. For individual housing provident fund loans, the loan interest rate for five years and below is 2.75%, and the loan interest rate for five years and above is 3.25%.

4. Bank of Communications

The loan interest rate of Bank of Communications is 4.35% within one year (including one year), 4.75% for one to five years (including five years) and 4.9% for loans over five years.

5. China Construction Bank

The short-term loan interest rate of CCB (within six months, including six months) is 4.35%; The loan interest rate for one year to five years (including five years) is 4.75%, and the loan interest rate for more than five years is 4.9%.

6. Postal Savings Bank

Postal savings bank, the loan interest rate (within six months, including six months) is 4.35%; The loan interest rate for one year to five years (including five years) is 4.75%, and the loan interest rate for more than five years is 4.9%.