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Introduction to the Traditional Interest Rate to Percentage Converter:

1. This tool converts traditional Chinese interest rate units (毛, 分, 厘, 毫) into percentage rates.

2. Explanation of "mao," "fen," and "li" in traditional interest rates:

(1) 1 "mao" represents a monthly interest rate of 10%. For example, if you borrow 100 yuan, you need to pay 10 yuan in interest each month.

(2) 1 fen represents a monthly interest rate of 1%. For example, if you borrow 100 yuan, you would need to pay 1 yuan in interest each month.

(3) 1 li indicates a monthly interest rate of 0.1%. For example, if you borrow 100 yuan, you will need to pay 0.1 yuan in interest each month.

3. Note: The results generated by this tool are for reference only and should not be relied upon as factual evidence. Please use actual calculations as the final basis.

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