How much is the monthly interest of 9.6% loan with equal principal and interest?
The monthly interest is 825.73 yuan. The repayment method of the loan is equal principal and interest, and the annualized interest rate is 9.6%, so the monthly interest rate is the annualized interest rate divided by 12, which is 0.8%. According to the matching principal and interest calculation formula, the monthly repayment amount is = [loan principal× monthly interest rate× (1+monthly interest rate) repayment months] = [(1+monthly interest rate) repayment months-1], the loan principal is 10000 yuan, and the monthly interest rate is. Then the monthly repayment amount is: monthly repayment amount =10000× 0.8 %× (1+0.8%)12 ÷ [(1+0.8%)12-65433.