Car loan in 48 installments, loan amount 108000 yuan, monthly repayment of 24 1 1.88 yuan. What's the interest on the 48th installment?
The total repayment minus the loan principal is the interest.
The loan principal is1080,000 yuan, and the monthly repayment is 241.88 yuan in 48 installments, with the total repayment of 48 * 24 1 1.88 =15770.24 yuan, with interest.