How to calculate interest on loan?
Answers
Answered by
3
You can easily calculate loan if you know
1.Principal
2.Rate of Interest
3.Time
krishna8830:
I have to calculate interest on monthly basis
Sorry
Divide the rate per annum by 12 and you will get rate for 1 month
Then you can proceed
Answered by
1
You can easily calculate loan interest if you know ....
1)Principal
2)time
3)Rate of intrest
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