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Agricultural Bank of China loaned 25,000 credit cards in 24 installments. What is the interest and principal to be repaid in each installment?
The rate of each installment of the 24th installment of the Agricultural Bank of China is 0.6%.

Handling fee for each installment = installment principal * installment interest rate = 25,000 * 0.6% =150 yuan.

Principal payable in each installment = installment principal/number of installments = 25,000/24 =1041.67 yuan.

Repayment amount per installment = handling fee per installment+principal payable per installment =150+1041.67 =11.67 yuan.

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