Father, I am back to fight!

Chapter 513

"Sure! But even brothers should settle accounts clearly, not to mention we're not even close. Ten million for two hundred years, and the annual interest rate will be 10%!"

"That means you will have to pay this prince one million taels of silver in interest every year. Over twenty years, that's twenty million taels of silver in interest!"

"If there are thirty of you here, thirty million taels of silver would mean you need to pay me one and a half million taels of silver every year. For each person, that's fifty thousand taels!"

Qin Yu said in a deep voice.

What the hell!

When the people from the merchant families heard what Qin Yu said, they all widened their eyes in shock and felt their heads buzzing!

Qin Mang was stunned. No wonder Qin Yu was so good at making money. His head was full of the mentality of a profiteer!

Ten million taels of silver became thirty million taels in twenty years. It was still a stable income, and he let others earn it for him. No matter how profitable a business is, it is not as profitable as this one!

Isn’t this just plain usury?

And the interest is compounded!

"Your Highness! You! Are you kidding us?"

"How can ten million taels become thirty million taels? This! There's no such example anywhere!"

"This is usury, downright usury! Your Highness, please do not forget your status. Do you think you are worthy of His Majesty by doing such a thing?"

The merchant families could no longer hold on.

Qin Yu said in a deep voice, "Don't you lend money to others before? How much interest do you charge for lending money to others?"

"Of course we have borrowed money from you. We usually charge one percent interest per month!"

The merchants and noble families said hurriedly.

"The interest rate is 1% per month, and there are twelve months in a year, which means the interest rate is 12%, or 1.2%. If this prince only asks you for 10% interest per year, and if that is usury, then what you lent out before was super usury!"

Qin Yu said coldly.

"this......"

The faces of the merchant families turned extremely ugly, because according to Qin Yu's calculations, what they had previously lent out was undoubtedly usury!

However, when they lent money to others before, they didn’t make such high profits. Why could Qin Yu make so much money?

Little did they know that this way of making money would not work for them!

After all, the first thing they have to consider is how to recover the money they lent out.

After all, if you lend too much to poor people, you may face the dilemma of not being able to get the money back even if you kill them. If you lend too little, the profit will be insignificant.

If you lend money to aristocratic families, you may face the situation of not being able to get it back. After all, they are also from aristocratic families and are not afraid of you.

But Qin Yu didn't care. He lent money to the noble families as much as he wanted. If they dared to default on their debts, he would confiscate their property and exterminate their clans. He could get the money back in one go and maybe even get a surprise!

Moreover, the silver was lent to the noble families because they were doing business. Since they were doing business, the materials would be circulated and the people would also benefit.

Therefore, even if the noble families cannot pay back the money, if their existence is beneficial to the people, Qin Yu can give them more time!

"Your Highness! How about this? We'll pay you back in two years, and you won't have to pay interest!"

After discussion, the merchants said in a deep voice.