A great man of the Northern Song Dynasty

Latest website: Some book friends have questions about the two-cent annual interest rate of the Song Dynasty Bank. After summarizing it, he roughly thinks that two-cent should mean two percent, which is too low.

Sir, I have consulted a lot of information on this matter, especially the information on lending in the Northern Song Dynasty and the Green Miao Law.

The rules of the Green Crop Law are: limited to half a year, and the interest is two cents.

When Han Qi was in Hebei, the loan conditions he proposed were: "For every thousand you borrow, you will be paid one thousand three hundred" and "take three points of the profit."

It can be seen here that this ‘dividing’ is ‘into’. In other words, under the background of the Northern Song Dynasty, the two or three points in the loan were actually 20% to 30%.

That’s probably it. If there are any mistakes, please correct me. Sir, thank you.

Yesterday, when I got home, I felt a little confused, so my response was a little slow, otherwise I would have replied to the book friends who made comments at noon. It's a little late, please forgive me.