Current location - Loan Platform Complete Network - Bank loan - Loan to the bank100000 yuan, with annual interest rate of 9.8% and weekly interest. How much will the principal and interest be repaid after 3 years?
Loan to the bank100000 yuan, with annual interest rate of 9.8% and weekly interest. How much will the principal and interest be repaid after 3 years?
1 annual interest amount of the principal payable:1000 * (1+9.8%) =1098 (ten million).

52 weeks a year

Weekly interest repayment: (1098-1000)/52 =1.885 (ten million)

Weekly interest rate:1.884/1000 *100% = 0.1885%.

3 years * * * weeks: 52*3= 156 weeks.

Interest after 3 years

1000 * (1+0.1885%)156th power)

Plus the principal, it is the money that * * * needs to pay back.