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On interst computation ,how would 3.17 come.. if it is total of products/total of amount ( based on no of year) then that should be 3.125...or it is any other computation

Yamuna S

CA Inter

★ 15K+

04-Nov-22 15:27

309

Answers (2)

Best Answer

20,000*10%*38 months/12 months 38 months/12 months=3.166666 which is written as 3.17(rounded)

Sithara Chachuzzz

CA Inter

★ 1K+

04-Nov-22 15:40

Sithara Chachuzzz

20,000*10%*38 months/12 months 38 months/12 months=3.166666 which is written as 3.17(rounded)

Thank you

Thread Starter

Yamuna S

CA Inter

★ 15K+

04-Nov-22 15:42

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