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How to calculate the interest on bank loans! For example, the interest on my loan is 200,000 cents. How much should I change?
Loan interest calculation formula:

Loan amount × loan interest rate × loan life = interest

Attached is our current loan interest rate table:

project

Annual interest rate%

I. Short-term loans

Six months (inclusive)

5.6

Six months to one year (inclusive)

six

Second, medium and long-term loans

One to three years (inclusive)

6. 15

Three to five years (inclusive)

6.4

More than five years.

6.55