The consumption is 3038 yuan, and the minimum repayment is 303.8 yuan (65438+ 00% of the total repayment amount). No matter in 400 yuan or 500 yuan, if the minimum repayment amount is exceeded, there will be no late payment fees and bad credit records, but the unpaid part will still be charged with interest at the rate of 0.05% per day.
Start to calculate interest if the due repayment date is May 20th, April 29th, 2988 yuan, and May 3rd, 50 yuan.
The interest generated in the first month is: 2988×0.05%×22 days =32.87 yuan, and 50×0.05%× 18 days =0.45 yuan. The number of days calculated here is from the date of your consumption to the date of repayment. Combined with your own repayment date, the fluctuation should be small. I paid 1000 yuan, leaving 3038+32.87+0.45-1000 = 2071.32 yuan did not pay;
The interest generated in the second month is: 207 1.32×0.05%×30 days (calculated in natural months) =3 1.07 yuan, and then 1000 yuan, leaving 2071.32+3/kl. By analogy, because the amount is not very large, the interest is not particularly high.
Extended data
The amount of interest depends on three factors: principal, deposit period and interest rate level.
The calculation formula of interest is: interest = principal x interest rate x deposit term.
According to People's Republic of China (PRC) State Taxation Administration of The People's Republic of China Guoshuihan [2008] No.826, since June 9, 2008, personal income tax on savings deposit interest is temporarily exempted, so the interest tax on savings deposit interest is temporarily exempted at present.
Factors that arouse interest:
1, delayed consumption
Lenders lend money, which is equivalent to delaying the consumption of consumer goods. According to the principle of time preference, consumers will prefer current goods to future goods, so there will be positive interest rates in the free market.
2. Expected inflation
Inflation will occur in most economies, representing a certain amount of money, and fewer goods can be purchased in the future than now. So the borrower needs to compensate the lender for the losses during this period.
3. Alternative investment
Lenders can choose to invest their money in other investments. Due to the opportunity cost, the lender lends money, which is equivalent to giving up the possible return on other investments. Borrowers need to compete with other investments for this fund.
4. Investment risk
Borrowers are at risk of bankruptcy, absconding or default at any time, and lenders need to charge extra fees to ensure that they can still get compensation under these circumstances.
5. Mobility preference
People will prefer that their funds or resources can be traded immediately at any time instead of spending time or money to get them back. Interest rate is also a kind of compensation for this.
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