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/ by 12
Divide it by 12...
what formula we are using to prepere monthly Salary in V lookup
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Monthly average balance is the sum of daily balances in a month divided by the number of days in that month.
/ by 12
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Divide it by 12...
what formula we are using to prepere monthly Salary in V lookup
Pay rate 25 Hours 40 Net pay?
Annual Interest Rate divided by 12= Monthly Interest Rate
In Pakistan we calculate pension by the following formula: length of regular service x basic pay x 7 _______________________________ 300 if someone's length of service is 26 years his basic pay is Rs. 30,000 then his monthly pension will be 26 x 30,000 x 7 _____________ = 18,200 rupees per month 300
Someone can calculate their net pay for a year usually by multiplying their monthly pay received by twelve. This will give a close approximation but it will be close enough for most purposes.
You monthly payment on a loan is largely based on your monthly income. usually you are expected to pay 15% percent of you income to you debtors or creditors.
1030.35
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.
If payday is the 5th and the 20th then the pay period should end the 15th and the 31st of the month