Sir, in CEntral excise we need to pay some amt with
interest ex.13815 amt for 66 days how to calcualte this?
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Answer / Sunanda Biswas
To calculate the interest on an amount over a certain period, you can use the formula for simple interest:nnInterest Amount = Principal x Rate x TimennIn your example, assuming the principal is 13815 INR and the rate is annual interest rate divided by number of days (66/365), you can calculate the interest as follows:nnInterest Amount = 13815 x (Rate / 365) x 66
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