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Interest on FD calculation

Others 725 views 2 replies

I had deposited Rs 25945 In SBI with a intrest rate of 9.25% with inrest payable monthly on 28th march ,with a hope of receivin an intres of rs 200 monthly. i.e 25945 x 9.25% /12mnths .

But on 28th april i had received rs 198 only .

Where did my caculation went wrong ? even if we take days for caculating there is 31 days so 25945 x 9.25% x 31/365=204

Please help 

Replies (2)
calculation:- 25925* 9.25/100*30/365=198
why 30days ? 28 march to 28 april thr is 31 days rt ?


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