China Construction Bank withdraws 1000 yuan from its credit card. How is the interest calculated? Please tell me. Thank you. Urgent! Urgent! Urgent! ! !
Fifty cents a day should be paid off before the next repayment date, otherwise it will be overdue and compound interest, which does not mean it will become 1. Money with principal and interest shall be calculated as the principal of next month. For example, now you are 1000 times five ten thousandths = fifty cents, and next month you may be 1002 times five ten thousandths = sixty cents, and keep adding up.