Question

calculate the rate of interest 4 percentage for the amount of 50000 for 90 days​

Answer 1

Divide your interest rate by the number of payments you'll make in the year (interest rates are expressed annually). So, for example, if you're making monthly payments, divide by 12. 2. Multiply it by the balance of your loan, which for the first payment, will be your whole principal amount.

Answer 2

hope this helps you mark a

$\frac{50000 \times 4 \times 90}{100 \times 365} = \frac{500 \times 4 \times 18}{ 73\times 1} = 463.15$

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