Current location - Loan Platform Complete Network - Bank loan - Loan100000, repaid in five years, with an annual interest rate of 2.4. How much is the interest?
Loan100000, repaid in five years, with an annual interest rate of 2.4. How much is the interest?
The interest of 2.4 here refers to the annual interest rate of 2.4%, and the interest is equal to the loan amount multiplied by the interest rate, that is, 6,543,800 yuan, multiplied by 2.4% = 100000× 0.024 = 2,400, that is, the loan is100000, and the interest to be repaid is 2,400 yuan, so it needs to be divided.