Name of Employee Aditya Narayan Singh

P.F.No: 12345678 Desig: Accounts Assistant

Advance Type Scooter Advance
Loan Taken on (Date) 25-Mar-05
Amount (Rs.) 30000
Monthly Installment(Rs.) 600 or No.of Installment 0
Commencing date of Recovery Apr-05 Rate of Interest 8%

Interest Calculation Sheet for

Scooter Advance
Name of Employee: Aditya Narayan Singh
P.F.No: 12345678 Desig.: Accounts Assistant
Loan Taken on: 25-Mar-05 Amount (Rs.) : 30000
Monthly Installment(Rs.) 600 No.of Installment 50
Recovery commenced from Apr-05 Rate of Interest 8%
Sr. Amount Sr. Amount
Date Balance Date Balance
No Recovered No Recovered
1 Mar-05 0 30000 33 Nov-07 600 10800
2 Apr-05 600 29400 34 Dec-07 600 10200
3 May-05 600 28800 35 Jan-08 600 9600
4 Jun-05 600 28200 36 Feb-08 600 9000
5 Jul-05 600 27600 37 Mar-08 600 8400
6 Aug-05 600 27000 38 Apr-08 600 7800
7 Sep-05 600 26400 39 May-08 600 7200
8 Oct-05 600 25800 40 Jun-08 600 6600
9 Nov-05 600 25200 41 Jul-08 600 6000
10 Dec-05 600 24600 42 Aug-08 600 5400
11 Jan-06 600 24000 43 Sep-08 600 4800
12 Feb-06 600 23400 44 Oct-08 600 4200
13 Mar-06 600 22800 45 Nov-08 600 3600
14 Apr-06 600 22200 46 Dec-08 600 3000
15 May-06 600 21600 47 Jan-09 600 2400
16 Jun-06 600 21000 48 Feb-09 600 1800
17 Jul-06 600 20400 49 Mar-09 600 1200
18 Aug-06 600 19800 50 Apr-09 600 600
19 Sep-06 600 19200 51 May-09 600 0
20 Oct-06 600 18600
21 Nov-06 600 18000
22 Dec-06 600 17400
23 Jan-07 600 16800
24 Feb-07 600 16200
25 Mar-07 600 15600
26 Apr-07 600 15000
27 May-07 600 14400
28 Jun-07 600 13800
29 Jul-07 600 13200
30 Aug-07 600 12600
31 Sep-07 600 12000

aditya
 32 Oct-07 600 11400
TOTAL 30000 765000
5100
765000x8
Interest= = Rs.5100/- (Rs.Five thousand One hundred only)
12x100

aditya
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aditya