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How do banks calculate penal interest on cash credit account?
They will do it by a certain percentage. This percentage will usually be outlined in the contract that you signed when you opened the account. It may be based on the prime rate in the country.
How do you calculate interest of 6 months fixed deposit with the principal of 10000 and the interest rate is 8 percent?
The formula to calculate interest is as follows: Interest = Principal * No. of years * Rate of Interest / 100 So Interest = 10000 * 0.5 * 8 / 100 = 400/- The interest you will receive interest at the end of the 6 month period is Rs. 400/-
How do you calculate effective interest rate on a line of credit?
how is line of credit interest calculated
Highest Interest in which deposit - recurring deposit or fixed deposit?
how to calculate Recurring deposit interest ?
What factors are included to calculate interest?
intrest method
Is penal interest is simple or compound?
It can be either.
Do you have multiple penal interest on overdue account?
There is only single penal interest to be charged on an overdue account. We can have a separate penalty fee on overdue account when any installment becomes due.
How do banks calculate penal interest on cash credit account?
They will do it by a certain percentage. This percentage will usually be outlined in the contract that you signed when you opened the account. It may be based on the prime rate in the country.
How can you calculate your CD interest rate?
To calculate CD interest rate, all you have to do is to just multiply the principal amount you have invested in CD with interest rate. If u want to calculate for the monthly interest then divide the resultant with 12.
How do you calculate a life interest?
1.To calculate the fair market fair rent 2. To Calculate Y.P. for life interest 3. To Capitalize the rent using Y.P. for life interest.
How can one calculate their interest?
The formula used to calculate your interest is the principle balance, multiplied by the monthly interest rate. Then you mulitply that by the number of months in which you last paid interest.
The beginning amount used to calculate interest?
it is the principal amount... i.e., the amount for which u have to calculate the interest Enjoy!! Kush
How to calculate interest?
Pmt/principal
How do I Calculate interest on 100000?
To calculate an interest (as money), multiply the capital, times the interest rate (divided by 100, if it is expressed in percent), times the number of periods. The above assumes simple interest; compound interest is a bit more complicated.
Draw a flow chart to calculate simple interest with 10 percent rate if time is greater than 2 yrs otherwise calculate simple interest with 5 percent?
Draw a flow chart to calculate simple interest with 10% rate if time is greater than 2 yrs otherwise calculate simple interest with 5%.
How do you calculate interest of 6 months fixed deposit with the principal of 10000 and the interest rate is 8 percent?
The formula to calculate interest is as follows: Interest = Principal * No. of years * Rate of Interest / 100 So Interest = 10000 * 0.5 * 8 / 100 = 400/- The interest you will receive interest at the end of the 6 month period is Rs. 400/-
How do you calculate times interest earned if there was no interest expense?
Well that is easy there is none and there is no way you can do that
