The answer will depend on the rate on interest!
7.5 x 2.5 ie 18.75
Two and a half percent of 750 ie 2.5 x 7.5 which is 18.75
72 lakh is 7,200,000 55.2 lakh is 5,520.,000
1 lakh = 100,0001 billion = 1,000,000,000 = 10,000 lakh
It's 1/10th of the amount you put in. The more you deposit or invest, the more interest you get.
1lakh willget
70 x 8 x 3/4 ie 420
7.5 x 2.5 ie 18.75
Two and a half percent of 750 ie 2.5 x 7.5 which is 18.75
A person could the interest rates for certificates of deposit by using an interest rate calculator where the amount of the deposit is entered into an equation and the end result will be how much interest will be earned for the term you want.
yeah, you spelled monts instead of months, not sure i want to further this conversation your company.
1 lakh
Amount to Deposit (P) = ? Time (N) = 15 months or 1.25 years Rate of Interest (R) = 5 Interest Earned = 200 Formula for Interest = P * N * R / 100 Rearranging the formula we get: P = Interest * 100 / N * R = (200 * 100) / 1.25 * 5 = 20000 / 6.25 = 3200 If they want to earn 200 interest they must deposit 3200 as the amount for the certificate of deposit.
I calculate the interest rate should be given for 4 month saving deposit
2.88% means 2.88/100 = 0.0288 times principal 0.0288 * 575 = 16.56 * 3 = $49.68 simple interest
The lowest amount you should deposit in a secured visa credit for you get interest is $ 500.00. Expect to get 5 % interest back into your account.
72 lakh is 7,200,000 55.2 lakh is 5,520.,000