Calculations
This query is : Resolved
18 June 2012
sir
any one can help me to find out this calculation
800,000x16%=128,000/-
800,000/16%=5,000,000/-
the second line calculation what is it mean
please help me
any one can help me to find out this calculation
800,000x16%=128,000/-
800,000/16%=5,000,000/-
the second line calculation what is it mean
please help me
19 June 2012
The second calculation is called grossing up.
Calculation is as under:
8,00,000*100/16
Calculation is as under:
8,00,000*100/16
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19 June 2012
To tell u illustratively,if the rate is simple interest rate,
Ist calculation is to find out how much interest you will get if u invest 8 lacs @16%.
and for second calculation, it is like you want to find how much to invest if you want 8 lacs @16% simple interest rate.
Ist calculation is to find out how much interest you will get if u invest 8 lacs @16%.
and for second calculation, it is like you want to find how much to invest if you want 8 lacs @16% simple interest rate.
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