1, interest = interest (year) = principal × annual interest rate (percentage) × deposit term.

2. Interest = principal × interest rate× time

3. Deposit interest = principal x days x listing interest (daily interest rate) = interest-bearing days x daily interest rate.

4. Interest tax = deposit interest (income tax payable) × applicable tax rate.

Interest refers to the reward that the currency holder (creditor) gets from the borrower (debtor) 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.

Extended data:

Deposit interest rate:

The People's Bank of China decided to lower the benchmark interest rates of RMB loans and deposits of financial institutions from 22 10/2065.

1, the benchmark interest rate for one-year loans of financial institutions is lowered by 0.4 percentage points to 5.6%;

2. The benchmark interest rate for one-year deposits will be lowered by 0.25 percentage point to 2.75%. At the same time, the upper limit of the floating range of deposit interest rate of financial institutions is adjusted from 1. 1 times of the benchmark deposit interest rate to 1.2 times.

3. The benchmark interest rates of other grades of loans and deposits are adjusted accordingly, and the term grades of benchmark interest rates are appropriately degenerate.

References:

Baidu encyclopedia-interest