If you apply for an ABC credit card, you have to spend 1 ,000 yuan in advance, and you can only repay 1 every month, 500 yuan. It will take six or seven months to return it. How much is the monthly interest? Interest is calculated according to the minimum repayment amount:

Calculation method of minimum repayment amount: minimum repayment amount = unpaid part of the minimum repayment amount of the previous bill+overdraft balance of the current bill * 10%.

If repayment is made according to the minimum repayment amount before the due repayment date (inclusive), the card issuer will only charge overdraft interest at the rate of 0.5 ‰ per day for the unpaid part from the bank bookkeeping date to the repayment date, and the overdraft interest will be compounded monthly.

It is recommended that you apply to the bank for installment repayment after consumption:

The national uniform charging standard for installment fee rate is as follows: the third installment1.65%; 3.6% in the sixth period; 5.4% in the ninth period; 12 7.2%; 1811.7%; 24 issues 15.6%.