Borrow 200,000 yuan in 36 installments, and pay 7666 yuan each month. The annual interest rate is 22.3%, as shown in the following table:
2. How much interest is 20,000 yuan% 17?
17% is annual interest, 3400 yuan per year. If you only invest for half a year, just 1700 yuan, and so on.
3. What is the annualized interest rate of17%?
1 annualized interest rate 17% equals the interest rate of 0. 17.
This means that the annual interest is 0. 17 times of the principal.
For example, if you have the principal 1 0,000 yuan, then the annual interest is 0. 17x 1 0,000 = 1.70 yuan, that is, the annualized interest rate 1.7% equals the interest1.70 yuan.
4. The annual interest rate of credit card installment payment is 17.
According to the credit card installment service specification, the annual installment interest rate 17% is equal to the monthly interest rate 1.42%, that is, the interest included in the monthly payment is the total amount multiplied by 1.42%.