diskusbooks Chapter 892 22 Literary Fees.
Chapter 892 22 Literary Fees.
When Mr. Hu came to collect the debt, Ye Kun was indeed a little confused.
It seems like I shouldn’t be in debt, right?
If I have to say that I owe a debt, it is a debt of love!
Mr. Hu said calmly with a smile: "Your Majesty, you studied with me when you were a child, and you still owe me twenty-two cents in tuition."
"Oh, twenty-two pence?"
Ye Kun didn't know whether to laugh or cry.
For twenty-two cents, my former teacher actually came to collect the debt?
Moreover, Ye Kun didn’t remember anything like this!
Wang Dahai, who was standing aside, had changed his expression and was staring at Mr. Hu.
Mr. Hu remained calm: "As the saying goes, debts must be repaid. It's been so many years, the emperor should pay me back."
"That's what sir said."
Ye Kun suppressed his laughter and said to Wang Dahai, "Dahai, take out 100 taels of silver and give it to Mr. Hu. This will be my repayment of the debt."
Wang Dahai sighed and told his servants to get the money.
"Wait a minute."
Mr. Hu waved his hand and said, "I am here to collect a debt, not to beg for food. I want money, but I must be clear. I cannot ask the emperor for a penny more. Otherwise, it would be unreasonable."
Ye Kun smiled and said, "Mr. Hu means that he only wants the twenty-two cents, right?"
"Yes, but there is interest, we need to calculate it."
Mr. Hu waved his hand, and the little boy behind him handed him an abacus.
"The abacus invented by the emperor is really useful."
Mr. Hu sighed, put the abacus on the low table in front of him, and said with a smile: "Your Majesty, borrowing money is the same as owing money, there is interest. What do you think is the appropriate interest rate? You owed me tuition forty-two years ago. The interest at that time was five cents per month, sixty cents per year..."
Wang Dahai couldn't help but said angrily: "Mr. Hu, the emperor is busy with many things and has no time to settle accounts with you. Just tell me how much you want!"
"Is the emperor busy with state affairs? Why do I see the emperor revisiting his hometown here?"
"Da Hai, don't talk."
Ye Kun felt that Mr. Hu was not here with good intentions, so he smiled and said, "I'm not busy today, so it's my duty to chat with Mr. Hu for a while longer. Mr. Hu, you mentioned the interest rate from more than 40 years ago, so let's calculate it according to the interest rate at that time."
It's only twenty-two cents, including interest, how much can you get?
As the great Emperor of the Han Dynasty, are you afraid that you can't pay it back?
Mr. Hu smiled, moved the abacus and started calculating.
"Oh no, I've been fooled!"
Ye Kun did some calculations in his mind and couldn’t help but groan in his heart!
Sixty percent annual compound interest, the result would be an astronomical figure!
But the words have been spoken, and it’s hard to regret!
Soon, Mr. Hu's calculation results came out, and he smiled and said, "Your Majesty, the formula for calculating compound interest is in the middle school textbook, and it is said that it was also summarized by the emperor. According to this formula, forty-two years ago, the emperor owed me twenty-two coins. Now, including the principal and interest, it should be... twenty-three million six hundred and eight thousand six hundred and seventy-two coins."
"More than 20 million Wen?"
Ye Kun breathed a sigh of relief, nodded and smiled, "One tael of gold is worth ten thousand coins, that's more than two thousand taels of gold. OK, I'll give you the money."
Twenty-two wen turned into more than twenty million wen.
Even if the emperor robbed the world, he couldn't make such huge profits!
If I had known this earlier, I would have just lent out money at an interest rate of 100 cents forty-two years ago. Why would I bother fighting for the world?
Wang Dahai could no longer bear it and glared at him, "Mr. Hu, you are not here to collect a debt, you are here to blackmail the emperor, right?"
With a capital of 22 cents, they dare to ask for more than 20 million in interest!
If Ye Kun hadn't been so kind, the old guy in front of him would have played the Nine Clans Candy Crush Saga!
"Blackmail?"
Mr. Hu shook his head and smiled: "The court has a bank, and the royal family also has a bank. When banks lend money to the people, they also calculate compound interest. In this case, isn't it that the court bank and the royal bank are blackmailing the people?"
Ye Kun seemed to understand something, stopped Wang Dahai, and clasped his fists towards Mr. Hu:
"Mr. Hu, I am in a high position and it is difficult for me to hear the voices of the grassroots. As the saying goes, those who know the leaks in the house are under the eaves, and those who know the mistakes in the government are in the grass. I will naturally give you the more than 20 million yuan I owe you.
However, I would like to hear Mr. Hu's opinions on our economic policies. "
Mr. Hu smiled and said, "I have no opinion. I just know that the compound interest of the Imperial Bank is also very high. Some people took out money and couldn't pay it back in three to five years, and their debt doubled."
"Is there such a thing?"
Ye Kun frowned.
The highest annual interest rate charged by the Court Bank and the Royal Bank was eight percent.
Calculated based on five-year compound interest, the total interest for five years is 50%.
Mr. Hu sighed and said, "If the emperor could abolish compound interest, the people would thank you."
Ye Kun thought about it and nodded, "This is not a big deal. It is only natural for the court to give benefits to the people. Let me coordinate with all banks to cancel compound interest."
If compound interest is eliminated, there will be almost no profit at the current interest rate.
Due to various restrictions, the operating costs of banks are very high.
There are also a lot of bad debts.
Mr. Hu smiled, clasped his fists and said goodbye: "Thank you, Your Majesty, for listening to my nonsense for so long. I'm leaving now."
"Mr. Hu, I haven't given you the money yet."
"I don't want that money." Mr. Hu laughed: "I don't have many days left to live, why do I need so much money?"
"But I still have to pay you back. Otherwise, if I calculate the interest later, I will not be bankrupt, but the country will be destroyed."
Ye Kun laughed and ordered Wang Dahai: "Go and prepare 2,400 taels of gold and send it to Mr. Hu's house."
Mr. Hu waved his hands repeatedly: "Your Majesty, if you must pay me back, just pay me back twenty-two cents. I don't want a cent more. And I have promised you that I will not come to collect the debt again in the future."
Ye Kun nodded, counted out twenty-two copper coins, and personally handed them to Mr. Hu:
"Mr. Hu has a noble character and is concerned about his country and people. I should learn from him for the rest of my life. I will remember until I die that I am Mr. Hu's student."
Mr. Hu took the money, nodded and left with a smile.
Ye Kun instructed his men again: "Prepare a batch of study supplies and some food gifts for Mr. Hu. Also, I will write a calligraphy piece for Mr. Hu, you can frame it and take it with you."
Wen Ah Xiu prepared the brush, ink, paper and inkstone, and said with a smile: "What words should I write for Mr. Hu to match his virtue?"
Ye Kun asked back: "What do you think, Teacher Wen?"
"Let me think about it..."
Wen Axiu pondered for a moment: "How about the Emperor's teacher?"
Ye Kun shook his head and looked down on it.
"Is it okay, Master of the Imperial family?"
"Not good either." Ye Kun shook his head and smiled, then pondered, "Let's keep it simple and just write 'being a role model'. Teacher Hu is a low-key person. If you praise him too much, I'm afraid he won't be happy."
Anything written by the emperor is valuable.
This will allow Mr. Hu's descendants to brag about it for the rest of their lives.
Unless it's a curse word.
Wen Axiu nodded and helped Ye Kun write.
Jiang Yourong also took everyone on a tour around Caomiao Village.
The program of revisiting the old place has come to an end.
Ye Kun smiled and said, "The Queen is going to Jianghetou, you guys stay here and play, I will go with the Queen."