Interest on unsecured loan
This query is : Resolved
06 April 2010
Please help me to calculate interest
As on 01.04.2009 Op. Bal. was 60 lac Cr.
Loan taken on 30.04.09 of Rs. 15 lac
so what would be interest on loan as on 31.03.2010
please calculate by showing method of calculation
As on 01.04.2009 Op. Bal. was 60 lac Cr.
Loan taken on 30.04.09 of Rs. 15 lac
so what would be interest on loan as on 31.03.2010
please calculate by showing method of calculation
06 April 2010
ON RS 60 LACS INTEREST FOR WHOLE YEAR.
ON RS 15 LACS---
15 LACS*RATE/365*336
ON RS 15 LACS---
15 LACS*RATE/365*336
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