Use this simple formula:
I=Average daily balance times the interest rate, divided by 366 times 30 days in November.
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 is line of credit interest calculated
how to calculate Recurring deposit interest ?
intrest method
I calculate the interest rate should be given for 4 month saving deposit
Assuming interest is compounded annually, 1000*(1.08)5
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.
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.
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.
What is the rate percent. Without knowing that , it is impossible to calculate. Assuming the rate percent is 2% Then 75,000,000 at 2% - 1,500,000 That is One and half million.
I bond interest rates change about every six months and then a new interest rate is made each May or November. This means that a January bond adjusts each January to precede Novembers rates and each July precedes to May's rates. SO basically if you buy $5000 of I bonds before May, for the first six months you will be getting a 0.74% rate because of the date of the bond is before May first.
it is the principal amount... i.e., the amount for which u have to calculate the interest Enjoy!! Kush
Pmt/principal
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% rate if time is greater than 2 yrs otherwise calculate simple interest with 5%.
Assuming 6.5% refers to the annual interest rate, the monthly interest is 111.04 approx.
Assuming that the interest rate is 9.75% per year, the answer will depend on how often the interest is compounded.