5500 yuan will be paid back in two years with interest of 0.5%. What's the final interest?

0.5% of (1) is five ten thousandths of the daily interest rate, and the annual interest rate is 18.25%.

The loan amount is 5500 yuan.

The loan term is 2 years.

Repayment method: equal principal and interest

The total repayment amount is 6605.94 yuan.

Total interest 1, 105.94 yuan.

The monthly repayment is 275.25 yuan.

(2) The monthly interest rate is 0.5% and the annual interest rate is 6%.

The loan amount is 5500 yuan.

The loan term is 2 years.

Repayment method: equal principal and interest

The total repayment amount is 5850.32 yuan.

The total interest is 350.32 yuan.

The monthly repayment is 243.76 yuan.