TDS 192A Study material Illustration 1 (iii)

I don't understand,how they calculated Rs.41600 as Interest amount ..... Pls explain

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Deepika Manickam

CA Inter

★ 0

24-Mar-20 19:27

Answers (2)

Do cumulative interest calculation 80000*8%*1/12=533 (80000+80000)*8%*1/12==1067 ... ... ..do it for 12mnths U finally will get the answer of 41600

Uday kiran

CA Inter

★ 2K+

25-Mar-20 01:17

Do cumulative interest calculation 80000*8%*1/12=533 (80000+80000)*8%*1/12==1067 ... ... ..do it for 12mnths U finally will get the answer of 41600

Thank u

Deepika Manickam

CA Inter

★ 0

25-Mar-20 11:07

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