Then calculate the monthly rate according to the general installment rate of 0.6%. So the interest is, ten thousand principal 60 yuan interest, fifty thousand principal 300 yuan interest. The monthly repayment amount thus calculated is: principal 1388+ interest 300 yuan, totaling 1688 yuan.
So, if you borrow 50,000 credit cards and pay them back in 36 installments, you have to pay them back 1688 yuan a month. But this month's rate is calculated according to 0.6%, so you should calculate according to your actual rate.
Interest is the use fee of money in a certain period of time, and it refers to the reward that money holders (creditors) get from borrowers (debtors) for lending money or monetary capital. Including deposit interest, loan interest and interest generated by various bonds. Under the capitalist system, the source of interest is the surplus value created by hired workers. The essence of interest is a special transformation form of surplus value and a part of profit.
Money other than the principal of deposits and loans (different from "principal").
Abstract interest point refers to the value-added amount brought by monetary funds injected into the real economy and returned. In a less abstract sense, interest generally refers to the remuneration paid by the borrower (debtor) to the lender (creditor) for using the borrowed currency or capital. Also known as the symmetry of sub-fund and parent fund (principal). The calculation formula of interest is: interest = principal × interest rate × deposit period (i.e. time).
Interest is the reward that the fund owner gets for lending the fund, which comes from a part of the profits that the producer makes by using the fund to play its operational functions. Refers to the value-added amount brought by monetary funds injected and returned to the real economy. The calculation formula is: interest = principal × interest rate × deposit period × 100%.
According to the different nature of banking business, it can be divided into bank interest receivable and bank interest payable. Interest receivable refers to the remuneration that the bank obtains from the borrower by lending to the borrower; It is the price that the borrower must pay for using the funds; It is also part of the bank's profits. Interest payable refers to the remuneration paid to depositors by banks to absorb their deposits; It is the price that banks must pay to absorb deposits, and it is also part of the cost of banks.