Bai Hua loan principal 10000 yuan, 12 interest of 8.8%. According to the formula, interest = principal * interest rate. If you substitute into the formula, you can get: 12 interest = 10000*8.8%=880 yuan, so the interest per period.
Data expansion
The full name of flower bud is ant flower bud, which is a consumer credit product launched by Ant Financial. After the application is opened, you can get a consumption quota ranging from 500 to 50000 yuan. When spending, users can prepay the amount of ant flowers and enjoy the shopping experience of "spending first, then paying".