Related to the execution interest rate and repayment method, according to the current automobile consumption loan, the general annual interest rate is about 10%, the monthly interest rate is10/2, the loan is 1 10000 yuan, and the principal and interest are equal (the monthly repayment amount is the same), and it is calculated as 2 years (the monthly repayment amount is the same).

Monthly repayment amount =110000 *10%/12 * (1+10%/2) 24/((12)

Total interest = 5075.94 * 24-110000 =11822.56.

Explanation: 24 is the 24th power.