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I got a car loan of 40,000 with interest of 6.8%. How much is the interest for two years?
The loan principal is 40,000 yuan, the loan term is 2 years, the annual interest rate of the loan is 6.8%, and the interest = principal × loan term × annual interest rate, 40,000 * 2 * 6.8% = 5,440.

Tips: The above instructions are for reference only, and the specific repayment amount is subject to your loan contract.

Response time: 2021-11-12. Please refer to the latest business changes announced by Ping An Bank in official website.

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