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How to calculate the interest of 4% on car loan?
How to calculate the annual interest rate of 4% by installment?

A:

4% of the car loan means that the annual interest rate of the car loan is 4.8%, and the car loan interest can be calculated by the car loan principal * the annual interest rate of 4.8%* the loan period (year). Of course, if the repayment method of car loan is equal principal and interest, then the interest needs to be calculated according to the equal principal and interest. Because the formula of equal principal and interest is more complicated, I won't give an example here for the time being. Users can calculate the interest generated by the repayment of equal principal and interest through the network calculator.

In addition, the loan interest rate of 4% for car loans is not high, so the repayment pressure of users is actually relatively small.

How much is the 3-year interest of 4% on the 70,000 car loan?

70,000 car loan, 3-year interest of 4%, monthly payment of 22,244.44. The monthly interest rate is 4%, that is, the monthly interest rate is 0.4%, the monthly interest =70000*0.004=280 yuan, the loan term is 3 years, the total interest =280* 12*3= 10080 yuan, and the total repayment amount = 70000+10000.

How much is the interest of 4%

A bank loan of 4% refers to the loan interest rate of 0.4%, usually refers to the monthly interest rate. "Li" is the traditional name of private lending in China, and 4% is the interest rate of 0.4%. You can use the formula "interest = principal * interest rate * time" to calculate the amount of interest.

For example, if you borrow 1 ten thousand yuan, the monthly interest rate is 4%, and the monthly interest rate is = 10000*0.4%* 1=40 (yuan).

If the monthly interest rate is 4%, the annual interest rate =0.4%* 12=4.8%. For example, the loan is RMB 6,543,800+,the monthly interest rate is 4%, the loan term is 3 years, and the principal to be repaid at maturity is =100000+100000 * 0.4% *12 * 3 =/kloc-0.

The monthly interest rate is 0.4% and the monthly interest rate is 4%. This is a folk saying, which is slightly different from the official saying, but the meaning is the same. The monthly interest rate of 4% is converted into monetary unit, that is,1= 10% =100%, and10% equals 1% interest rate.

For many people, the concept of interest rate is not particularly familiar. After all, it is a financial technical term.

In China, there are two sets of financial system languages, one is folk, that is, the more traditional expression of interests; One is the official, that is, the more international expression of interests.

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