Current location - Loan Platform Complete Network - Loan consultation - Bank loan 10000, how to calculate the annual interest of 600?
Bank loan 10000, how to calculate the annual interest of 600?
(1) One-time repayment of principal and interest

annual interest rate

= interest/(principal * years)

=600/( 10000* 1)

=6%

(2) Equal repayment of principal and interest

The annual interest rate of the loan is 10.8964%.

The loan amount is 6,543,800 yuan.

The loan term is 1 year.

The total repayment amount is 10600 yuan.

Total interest 600 yuan

The monthly repayment is 883.33 yuan.