How to calculate interest and principal parts of loan installment payment?

Here's an example: We are looking for the breakdown of loan payment components. Interest portion = (Interest rate / 100) × Remaining balance. Principal portion = Total payment - Interest portion.

Loan Payment Breakdown - How do I calculate the interest and principal parts of a payment?

My monthly payment is % interest. If the total payment is $ ...
How much goes to interest vs. principal?

Contextual hints will appear here as you calculate

Incomplete data. Enter all required values to see the calculations.

Answer: The interest is $ and the principal is $ .

Round calculations to 2 decimal places

Type of calculation: Calculating a percentage of a number (interest part), then subtracting (principal part).
How to use the calculator:
Step 1 (Interest part): Use the Basic Percentage CALCULATOR ("What is X% of Y?"). Enter 70 [X] and $1500 [Y]. It will calculate 70% of $1500.
Step 2 (Principal part): Subtract the interest part (Step 1) from the total payment amount.
The formula:
We want to split the payment into interest (70% of $1500) and principal.
Interest part = (70 / 100) × $1500 = 0.7 × $1500 = $1050
Principal part = $1500 - $1050 = $450