What does the 300 late fee for car insurance mean?

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Hello, starting from the date of payment arrears, a late payment fee of 0.05% will be charged on a daily basis. This is calculated every day.

If you pay according to Brave 900 per month In terms of yuan

According to the time obtained above, it is 10 months and 300 days per month

How to calculate it?

In the first month until the day of payment, one*** is 10 months, then 900*0.05%*300 (number of days)

In the second month until the day of payment, one** * is 9 months, then 900*0.05%*270 (number of days)

By analogy, the last month is 30 days, and then add up all the months.

Of course, for convenience, we count the number of days in each month as 30 days. The actual situation will be calculated based on the specific time of each month. Of course, this cannot check how many days