How to calculate interests?



How to calculate interests?..

Answer / chode srinivas

Interest can be calculate as follows:
Interest= (Principal Amount X Rate of Interest/100) X No.of
days/365

Is This Answer Correct ?    12 Yes 0 No

Post New Answer

More Accounting General Interview Questions

If a company monthly sales is 7,567075.03, variable cost 5,114,902.05 and fixed cost 1855268.11. What will be the Break even point ?

1 Answers  


1.an Asset costs $ 10,000 and has a net book value of $ 100, and an estimated life of ten (10) years, what would be the annual depreciation using the straight line method?

1 Answers  


What is Rectification of Errors and types of errors?

3 Answers  


sir, i m working in an ngo as accountant but new. pleas clear my doubt in tally. suppose 'a' salary is 5000. he taken 3000 advance from salary and not returned. i paid a cheque next month rest 2000. 'b' salary is 10000, taken 5000 advance from salary and returned so i paid him 10000 total salary. what all to do in tally. is the following procedure is ok or not?

5 Answers   Banking,


Tell me what are the three factors that can affect your cash flow and business profitability?

0 Answers  






Explain the accounts payable cycle

0 Answers  


what do you mean by the word Purchase

3 Answers   Capital IQ,


what is joint venture & venture capitaling

2 Answers  


what is surcharge on vat? is it refundable or not?

2 Answers  


salary is paid to a person A wrongly twice a month and after detecting the mistake the salary is paid to the right person B.write the journal entry for the two sequences.

4 Answers   Siemens,


what r the entries related to manufacturing company stock

0 Answers  


Mention why some asset accounts have a credit balance?

0 Answers  


Categories