answersLogoWhite

0

if .65 is annual rate.. and you are calculating annual interest.. then

75000*.65/100 = 487.5 annual intrest

just make sure the interest rate and period should be same.

for example you need to calculate monthly intrest from above equation then u have to divide your answer by 12

487.5/12 = 40.625 monthly intrest

User Avatar

Wiki User

13y ago

What else can I help you with?