calculate 10% of number ($2950.00 x 10% = 295.00) then divide it by 12.
$494.34 Interest= principal amount * time* simple interest %
120
Assuming simple interest, you multiply the capital times the interest rate times the number of years.
To calculate the total amount after 10 years at a simple interest rate of 20% per annum, you need to consider that the interest is added to the principal each year. The sum will be multiplied by 1.2 (100% + 20%) each year for 10 years. Therefore, the sum will be multiplied 10 times over the course of 10 years.
11501 per annum.
To calculate the annual interest rate of 18 percent per month, you first need to multiply the monthly rate by 12 to get the annual rate. So, 18 percent per month would be 18% x 12 = 216% per year. This means that the interest accrued annually would be 216% of the initial amount borrowed or invested.
5,132.33^10
(Amount of working capital/100)*12
670.50
If it is simple interest, then it is 2700. ■
P.C.P.A. stands for Percent Compounded Per Annum.
It means the percent of interest paid annually (p.a. means per annum).
0.9938% per month, when compounded is equivalent to 12.6% annually.
$494.34 Interest= principal amount * time* simple interest %
It's 11/12 percent of whatever principle you still owe.
multiply 13500 by .09
Rs 80.