Find the simple interest on 5000 ₹ at 12% per annum for 3 years
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Calculating Per Annum Interest
To calculate a monthly interest payment based on a per annum interest rate, multiply the principal basis for the loan by the annual interest rate. ...
Divide the annual interest amount by 12 to calculate the amount of your per annum interest payment that is due each month.
Step-by-step explanation:
1500 if the rate of interest for the first 5 years is 9% per annum and for the last 3 years is 8.5% per annum? =Rs1057
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