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Calculation based on simple interest

(for toyota vios-7 years)Best interest rate providing for Malaysian car in the market is around 3.70% to 3.80%

per year.

Interest = 3 .75%

Loan tenure = 7 years (84 months)

Total simple interest = 3.75 x 7

= 26.25%

Loan amount borrowed = 71900

Interest rate = 3.75%

Term years = 7 years

71900 x 0.0375 x 7 = 18873.75

=The interest payable is : 18873.75

Principal added onto the interest

= 71900 + 18873.75

= 90773.75

Monthly payment ( 7 years x 12 months)

= 90773.75 84

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=1080.64

So,based on simple interest calculation the monthly installment amount will be

RM 1080.64 for per month.

(for toyota vios-9 years)Interest = 3 .75%

Loan tenure = 9 years (108 months)

Total simple interest = 3.75 x 9

= 33.75%

Loan amount borrowed = 71900

Interest rate = 3.75%

Term years = 9 years

71900 x 0.0375 x 9 = 24266.25

=The interest payable is : 24266.25

Principal added onto the interest

= 71900 + 24266.25

= 96166.25

Monthly payment ( 9 years x 12 months)

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= 96166.25 108

=890.43

So,based on simple interest calculation the monthly installment amount will be

RM 890.43 for per month.

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Calculation based on compound interest(for toyota vios 7 years)

Loan amount borrowed 71900

Interest rate 3.75%

Term years 7 years

71900 x ( 0.0375 + 1 ) ^ 7 71900

=21134.84

The compound interest payable is RM 21134.84

Principal added onto the = ( 71900 + 21134.84 ) 84

= 1107.56 ( per month )

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( for toyota vios 9 years )Loan amount borrowed 71900

Interest rate 3.75%

Term years 9 years

71900 x ( 0.0375 + 1 ) ^ 9 71900

=28243.29

The compound interest payable is RM 28243.29

Principal added onto the = ( 71900 + 28243.29 ) 108

= 927.25 ( per month )

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Calculation based on simple interest(for satria neo-7 years)

Best interest rate providing for Malaysian car in the market is around 3.70% to 3.80%

per year.

Interest = 3 .75%

Loan tenure = 7 years (84 months)

Total simple interest = 3.75 x 7

= 26.25%

Loan amount borrowed = 30100

Interest rate = 3.75%

Term years = 7 years

30100 x 0.0375 x 7 = 7901.25

=The interest payable is : 7901.25

Principal added onto the interest

= 30100 + 7901.25

= 38001.25

Monthly payment ( 7 years x 12 months)

= 38001.25 84

=452.40

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So,based on simple interest calculation the monthly installment amount will be

RM 452.40 for per month.

(for satria neo-9 years)Interest = 3 .75%

Loan tenure = 9 years (108 months)

Total simple interest = 3.75 x 9

= 33.75%

Loan amount borrowed = 30100

Interest rate = 3.75%

Term years = 9 years

30100 x 0.0375 x 9 = 10158.75

=The interest payable is : 10158.75

Principal added onto the interest

= 30100 + 10158.75

= 40258.75

Monthly payment ( 9 years x 12 months)

= 40258.75 108

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=372.77

So,based on simple interest calculation the monthly installment amount will be

RM 372.77 for per month.

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Calculation based on compound interest(for satria neo 7 years)

Loan amount borrowed 30100

Interest rate 3.75%

Term years 7 years

30100 x ( 0.0375 + 1 ) ^ 7 30100

=8847.83

The compound interest payable is RM 8847.83

Principal added onto the = ( 30100 + 8847.83 ) 84

= 463.66 ( per month )

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( for satria neo 9 years )Loan amount borrowed 30100

Interest rate 3.75%

Term years 9 years

30100 x ( 0.0375 + 1 ) ^ 9 30100

=11823.68

The compound interest payable is RM 11823.68

Principal added onto the = ( 30100 + 11823.68 ) 108

= 388.18( per month )

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Calculation based on simple interest(for saga 1.4 cc-7 years)

Best interest rate providing for Malaysian car in the market is around 3.70% to 3.80%

per year.

Interest = 3 .75%

Loan tenure = 7 years (84 months)

Total simple interest = 3.75 x 7

= 26.25%

Loan amount borrowed = 32400

Interest rate = 3.75%

Term years = 7 years

32400 x 0.0375 x 7 = 8505

=The interest payable is : 8505

Principal added onto the interest

= 32400 + 8505

= 40905

Monthly payment ( 7 years x 12 months)

= 40905 84

=486.96

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So,based on simple interest calculation the monthly installment amount will be

RM 486.96 for per month.

(for saga 1.4 cc-9 years)Interest = 3 .75%

Loan tenure = 9 years (108 months)

Total simple interest = 3.75 x 9

= 33.75%

Loan amount borrowed = 32400

Interest rate = 3.75%

Term years = 9 years

32400 x 0.0375 x 9 = 10935

=The interest payable is : 10935

Principal added onto the interest

= 32400 + 10935

= 43335

Monthly payment ( 9 years x 12 months)

= 43335 108

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=401.25

So,based on simple interest calculation the monthly installment amount will be

RM 401.25 for per month.

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Calculation based on compound interest(for saga 1.4 cc 7 years)

Loan amount borrowed 32400

Interest rate 3.75%

Term years 7 years

32400 x ( 0.0375 + 1 ) ^ 7 32400

=9523.90

The compound interest payable is RM 9523.90

Principal added onto the = ( 32400 + 9523.90 ) 84

= 499.09 ( per month )

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( for saga 1.4 cc 9 years )Loan amount borrowed 32400

Interest rate 3.75%

Term years 9 years

32400 x ( 0.0375 + 1 ) ^ 9 32400

=12727.16

The compound interest payable is RM 12727.16

Principal added onto the = ( 32400 + 12727.16 ) 108

= 417.84( per month )

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