Current location - Trademark Inquiry Complete Network - Overdue credit card - I owed Minsheng Bank (credit card) 10,000 yuan 730 days ago and it has not been repaid during this period. How much is the principal and interest now?
I owed Minsheng Bank (credit card) 10,000 yuan 730 days ago and it has not been repaid during this period. How much is the principal and interest now?

Late repayment is subject to interest of 0.05%, 5*730=3650 yuan. If you calculate compound interest, you don't know how much.

The monthly compound interest calculation formula is: 10,000 yuan * {(1.015) 24th power} = 14,509 yuan. The 24 in the formula means 24 months, and compound interest will be charged on monthly overdue repayments on credit cards.