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The cash installment of China Merchants Credit Card is 10000, and the installment is one year. What is the total interest?
Hello, we can choose a variety of cash installments, and the handling fee will be repaid monthly. The number of periods includes 3 periods, 6 periods, 10 period, 12 period, 18 period and 24 periods, and the corresponding handling fee for each period is 0.95%, 0.80%, 0.75%, 0.75% and 0.75% respectively. Handling fee per installment = total installment principal × handling fee rate per installment, and the installment principal and handling fee are fully included in the minimum repayment amount of the current bill.

If the cash installment principal is 10000 yuan, divided into 12 installments, the handling fee = total installment principal ×12 =10000× 0.75 %×12 = 900 yuan.

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