The car loan is 50 thousand, the interest is 0.07, and the loan is 2 years. How much is it every month?

2 1 12.5 yuan. Monthly repayment amount = (principal+interest) ÷ months, car loan of 50,000, interest of 0.07, total interest = principal × annual interest rate× term, 5000× 0.07× 2 = 700. So the monthly repayment is (5000+700) ÷ 24 = 2112.5 yuan. Car loan refers to the loan issued by the lender to the borrower who applies for buying a car.

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