Interest on installment repayment = total principal payable by installment × total installment interest rate ÷ number of installments.
The rate of the third phase of ant flower bud is 2.5%. Apply for ant flower garden 2000 yuan, and repay it in three installments.
The principal payable in each installment =2000÷3=666.66 yuan.
Interest payable in each installment =2000×2.5%÷3= 16.66 yuan.
Total amount payable in each period =666.66+ 16.66=683.32 yuan.
Total amount payable in the third installment =683.32x3=2049.96 yuan.
The rate of ant flower bud in the sixth phase is 4.5%. Apply for ant flower garden 2000 yuan, and repay it in six installments.
The principal payable in each installment =2000÷6=333.33 yuan.
Interest payable in each installment =2000×4.5%÷6= 15 yuan.
Total amount payable in each period =333.33+ 15=348.33 yuan.
Total amount payable in the sixth installment =348.33×6=2089.98 yuan.