I want to get a loan, 5000 yuan for two months. How much interest should I pay?

I. Repayment method of equal principal and interest:

The total loan amount is 5000 yuan.

The total repayment amount is 5048.88 yuan.

Pay interest of 48.88 yuan.

Loan Month 65438+ February

The monthly repayment is 420.74 yuan.

2. Matching principal and interest refers to a repayment method of housing loan, that is, repaying the same amount of loan (including principal and interest) every month during the repayment period.

The calculation formula of monthly repayment amount is as follows:

[loan principal × monthly interest rate ×( 1+ monthly interest rate) repayment months]/[(1+monthly interest rate) repayment months-1]

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