How much is the interest on the renovation loan?

The loan is 65,438+000,000 yuan, and the monthly interest rate is 0.25%;

Monthly interest = loan amount × monthly interest rate = 65438+ million× 0.25% = 250 yuan;

Annual interest = monthly interest ×1February = 250×12 = 3,000 yuan.

The loan is 200,000 yuan with a monthly interest rate of 0.25%;

Monthly interest = loan amount × monthly interest rate = 200,000× 0.25% = 500 yuan;

Annual interest = monthly interest ×1February =500× 12=6000 yuan.

The loan is 300,000 yuan with a monthly interest rate of 0.25%;

Monthly interest = loan amount × monthly interest rate = 300,000× 0.25% = 750 yuan;

Annual interest = monthly interest ×1February = 750× 12 = 9000 yuan.

Calculation formula of monthly interest: monthly interest = loan amount × monthly interest rate;

Calculation formula of annual interest rate: annual interest rate = monthly interest × 12 months.

You can calculate the interest of your own decoration loan according to the formula.