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Post by account_disabled on Mar 9, 2024 3:29:13 GMT
Formula for calculating interest rates per unit of time B = bx Mo Information: B is the nominal interest that will be received in the umpteenth or final time period b is interest Mo is the initial capital For example, let's say someone borrows money from the bank for capital needs of million rupiah with interest of % and the repayment period is years. Then, the interest at the end of the repayment period is as follows: IDR million x % = IDR thousand per year That means, the interest earned over the last five years is x IDR thousand = IDR million. Also read: Understanding Interest Rates and Impacts on the Economy . Formula for calculating single interest on recurring deposits With this formula, savers will not only save at the beginning, but it will be Whatsapp Number List constant for the same amount of time in each interest period. The formula for calculating single interest on recurring deposits is as follows MnA Information. Mn is the nominal amount of money that is returned after a certain period n is the saving period b is interest A is the deposit every month For example, let's say you save several million every month with annual interest of %. If you want the money to increase to . million at the end of the th month, then the money you have to deposit per month is as follows: IDR . million IDR. Also read: What is Refinancing? This is the meaning and benefits! Calculation Method Calculation Method single interest illustration.
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