Rs 84 in all.
0.9938% per month, when compounded is equivalent to 12.6% annually.
(Amount of working capital/100)*12
We still need to know how often the interest is compounded ... Weekly ? Daily ? Hourly ? What does "continuous" mean ?
You already gave the simple interest - 9 percent. Rethink and ask your question again.
The answer for rate in simple interest is =rate= simple interest\principle*time
Assuming simple interest, you multiply the capital times the interest rate times the number of years.
30 years
3
P.C.P.A. stands for Percent Compounded Per Annum.
0.9938% per month, when compounded is equivalent to 12.6% annually.
multiply 13500 by .09
(Amount of working capital/100)*12
We still need to know how often the interest is compounded ... Weekly ? Daily ? Hourly ? What does "continuous" mean ?
It is a fixed rate of simple interest.
If the interest is simple exact interest, the answer is 17.7/365 = 0.0485 daily percent interest, to the justified number of significant digits.
The simple interest on a 525 loan at the rate of 4.5 percent for 60 days is 3.9375.
18% per annum