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What is the interest rate for a credit card with interest rate of100000/month?
20,000 yuan If the user borrows100,000 yuan with a credit card, and the monthly interest rate is 20%, then the monthly interest rate 100000*20% is equal to 20,000 yuan. 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.
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