Cash withdrawal with Bank of Communications credit card
The handling fee is 1% of the cash withdrawal amount, with a minimum of 10 yuan; young-power card is 5 yuan per transaction. The daily limit for credit card cash withdrawal is 2,000 yuan per card.
The interest rate for credit card cash withdrawals is 0.05 per day on the withdrawal amount.
Interest = cash withdrawal amount * 0.05 * number of days
Credit cards accrue compound interest on a monthly basis. At the end of the billing cycle, the interest will be included in the principal and continue to accrue interest, that is, compound interest.
Withdrawal of 200 yuan in cash, the interest for 17 days of repayment is 200*0.05*17=1.7 yuan, plus the principal is 201.7 yuan