Current location - Loan Platform Complete Network - Loan intermediary - The loan is 17, yuan, and the interest rate is .42%. What is the interest on the loan for 15 years?
The loan is 17, yuan, and the interest rate is .42%. What is the interest on the loan for 15 years?
With the interest rate unchanged, the repayment method of "equal principal and interest repayment" is adopted, with the total interest of 59,423.6 yuan and the monthly repayment amount of 1,274.58 yuan; Using the method of "equal principal repayment", the total interest is 53,847.5 yuan, and the monthly repayment amount decreases month by month.