Calculation of fixed and diminishing rate of interest on a loan amount of 1,00,000/- @ 15% for 24 mths? - diminishing or fixed interest loan
I want to make a comparison chart of personal loans, shows the calculation of the EMI.
Tuesday, February 2, 2010
Diminishing Or Fixed Interest Loan Calculation Of Fixed And Diminishing Rate Of Interest On A Loan Amount Of 1,00,000/- @ 15% For 24 Mths?
1 comment:
The fixed interest rate, you have referred to, and over 15% per month or for a total period of time? one months and then estimated using the following formula: 100000 * 15/100 * 24 = 360000 .... too
Is then calculated as the sum of 100000 * 15/100 = 15000
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