What is the annual interest paid by social security of 32,000 yuan?

Legal analysis: Method 1: Annual calculation method. That is, by the end of this year, after the end of each payment year, the accumulated amount of personal accounts will be calculated annually (this method is applicable when the average salary of the previous month is the base of payment salary).

Calculation formula: Cumulative amount of personal account at the end of this year = Cumulative amount of personal account at the end of last year ×( 1+ current bookkeeping amount of personal account ×( 1+ current bookkeeping rate × 1/2).

Method 2: Monthly product method. By the end of this year, the accumulated amount of personal accounts will be calculated monthly in a payment year (this method is applicable when the salary income of employees last month is the base of payment salary).

Calculation formula: Cumulative amount of personal account at the end of this year = Cumulative amount of personal account at the end of last year ×( 1+ bill interest rate this year)+principal of bill amount this year+interest of bill amount this year.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Article 4 Employers and individuals in People's Republic of China (PRC) shall pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights and interests records, and ask social insurance agencies to provide social insurance consultation and other related services.

Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.

Article 58 An employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.

Employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration.

The state establishes a national unified personal social security number. Personal social security number is a citizen's identity number.