How much is the monthly interest of 370,000 4% 10?
The principal is 374,000%, and the annual interest rate is 65,438+00%. It will be paid off in 65,438+00 years according to the repayment method of equal principal and interest, and the monthly repayment is about 4,654,38+029 yuan. According to relevant public information, the repayment method of equal principal and interest means that the principal and interest repaid every month are equal, so the monthly repayment amount is fixed. Calculated according to 374% of the principal, the annual interest rate is 10%, which is paid off in minutes 10 year, and the monthly repayment is about 4 129 yuan. The specific calculation formula is: (principal × monthly interest rate ×( 1+ monthly interest rate) repayment months) ÷(( 1+ monthly interest rate) repayment months-1). In which, the principal is 374,000%, the monthly interest rate is 10%÷ 12=0.00833, and the repayment months are 10× 12= 120 months.