Bank of Communications swiped a mobile phone with a credit card, 3,000 yuan, and paid it off in 6 months. How much is the monthly interest and how much do you need to pay back? - Trademark Inquiry Complete Network

Bank of Communications swiped a mobile phone with a credit card, 3,000 yuan, and paid it off in 6 months. How much is the monthly interest and how much do you need to pay back?

Bank of Communications Phase 6

Suggested installment amount (1) 3000.

Commission rate (2) 4.32%

Total handling fee (3)=( 1)*(2) 129.60.

Monthly handling fee (4)=(3)/ number of periods 2 1.60.

Monthly principal repayment (5)=( 1)/ number of installments 500.00.

Total repayment amount (6) = (1)+(3) 3129.60.

Monthly repayment amount (7)=(4)+(5) 52 1.60.

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