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Nairaland Forum / Nairaland / General / Education / Interst Per Annum Calculation Help (281 Views)
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Interst Per Annum Calculation Help by Havenie: 7:53am On Feb 26, 2021 |
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Re: Interst Per Annum Calculation Help by Backcheck: 8:00am On Feb 26, 2021 |
Havenie: 20k x (15/100) = 3k (interest) So you get back 23k 1 Like |
Re: Interst Per Annum Calculation Help by Havenie: 10:08am On Apr 13, 2021 |
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Re: Interst Per Annum Calculation Help by VTJN(m): 10:21am On Apr 13, 2021 |
To be more simplicit, like in a more simple way on how to get a percentage on a specific figure Just share 100 amongst the figures For instance you share 100 between #20,000, then you know each 1k represents 5, then 5 multiply by 20 you get 100 Since you are looking at 15%,then you take 3k (1k +1k+1k=3k) which represents 15%, then you add it to the initial capital (20k) which gives you 23k all together per annum |
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