Current location - Trademark Inquiry Complete Network - Overdue credit card - I bought a Samsung I889 mobile phone online, and the price is 3999. If I pay by installment with China Merchants Bank credit card 12, how much will I have to pay back in one year?
I bought a Samsung I889 mobile phone online, and the price is 3999. If I pay by installment with China Merchants Bank credit card 12, how much will I have to pay back in one year?
Are you talking about buying it in the online mall of China Merchants Credit Card? If so, the bank has added all the interest to the officially marked amount.
If you buy it elsewhere, 3999 is only the principal. According to the regulations of China Merchants Bank, the interest of 12 is 7.2%(3999*7.2%=287.928).
In other words, you have to pay back 3999 (principal) +287.928 (interest) =4286.928 a year.