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What does the annualized bank interest rate of 2.3% mean?
That is to say, how much interest should be paid a year, which is equivalent to a few percent. If it is 10000, it will cost several hundred dollars a year. 2.3% interest is 230 yuan, and 3.5% is 350 yuan interest.

It depends on whether to repay the principal and interest in one lump sum, or equal monthly interest, or equal monthly interest.

Every ultimate interest is different.

Generally speaking, this repayment is about equal principal and interest, so the interest is about1.4000.