According to the formula, interest = principal * interest rate.
Substituting the data in the question, we can get the formula:
12 interest = 10000*8.8%=880 (yuan)
By division, the interest per period =880/ 12=73 (yuan).
Extended data:
Bud installation rules
The flower garden is divided into three periods, six periods, nine periods and 12 periods, and the handling fee is 2.5%, 4.5%, 6.5% and 8.8% of the total amount respectively.
Pay attention to the problem of flower buds in stages
1. Bai Hua can repay the loan, and there is no current interest for prepayment. (Spend it this month and pay it off before the repayment date next month);
2. Overdue fee = overdue amount * overdue days * 0.05%;
Assuming that the debt is 1 0,000 yuan, and it is overdue for 3 days, extra interest needs to be paid: overdue fee = 1 0,000 * 3 * 0.05% =1.5 yuan.
3. Reducing sesame credit beyond the time limit seriously affects users' credit reporting.
Alipay official website-service hall Bai Hua bill fen phase
Baidu Encyclopedia-Bai Hua