To calculate the total interest for the Chery Jetour X70 with a loan amount of 100,000 at an annual interest rate of 8.88% over three years, you can use the formula for simple interest or an online loan calculator for a more precise result. However, based on the information you provided about the monthly payment being around 3,300, we can estimate the total interest.
If the monthly payment is approximately 3,300, then over three years (36 months), the total payment would be roughly 118,800.
Assuming the principal amount is 100,000, the total interest paid over the three years would be approximately 18,800. Keep in mind this is a rough estimate, and the actual interest could vary slightly based on the exact loan terms and any additional fees or charges.
Comments( 8 )
خالد باهر2024-12-05 02:37
Manufacturer's financing doesn't require interest, but the 4S dealership charges a service fee.
محمد خالد2024-11-25 08:49
If you're considering installments, it's best to choose the 0% interest option. It's more cost-effective, and even if you go for a higher-spec model, it's still worth it because you save thousands on interest.
محمد خالد2024-11-25 08:48
If you're considering installment payments, it's best to go for a 0% interest option. It's more cost-effective. Even if you choose a high-end model, it's still worth it since interest could add up to thousands.
محمد تاج2024-11-08 22:00
How long have you had it?
1 replies
سعود مستنصر2024-10-23 11:43
No matter how you calculate it, installments just don't make sense. Even borrowing a bit is better. [I want to be alone][I want to be alone][I want to be alone]
فهد داود2024-10-22 20:16
The interest rate at Jetour 4S dealership is the highest I've seen. For a loan of 98,000 over 5 years, the interest is 32,000.