Current location - Loan Platform Complete Network - Loan intermediary - The bank pays 6% interest on 90,000 yuan, and the loan 1 year is paid off in one lump sum.
The bank pays 6% interest on 90,000 yuan, and the loan 1 year is paid off in one lump sum.
The interest rate is 6%, which means the monthly interest rate is 0.6%; The annual interest rate is 7.2%.

If it is only simple interest, calculated by year:

90000*7.2%* 1=6480 yuan.

Every month is 6480÷ 12=540 yuan.

Monthly interest, 540 yuan.

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