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.
3
11501 per annum.
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.
It is 41575.40