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Interest Calculator

Interest Calculator

Ratings: (0)|Views: 124|Likes:
Published by adityans
Calculate Interest Amount of small Loans till 60 installments
Calculate Interest Amount of small Loans till 60 installments

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Published by: adityans on Sep 21, 2009
Copyright:Attribution Non-commercial

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10/19/2012

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aditya
Name of Employee Aditya Narayan SinghP.F.No: 12345678 Desig: Accounts AssistantAdvance Type Scooter AdvanceLoan Taken on (Date) 25-Mar-05Amount (Rs.) 30000Monthly 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 AssistantLoan Taken on: 25-Mar-05 Amount (Rs.) : 30000Monthly Installment(Rs.) 600 No.of Installment 50Recovery commenced from Apr-05 Rate of Interest 8%
Date Balance Date Balance1
Mar-05 0 30000 33 Nov-07 600 108002 Apr-05 600 29400 34 Dec-07 600 102003 May-05 600 28800 35 Jan-08 600 96004 Jun-05 600 28200 36 Feb-08 600 90005 Jul-05 600 27600 37 Mar-08 600 84006 Aug-05 600 27000 38 Apr-08 600 78007 Sep-05 600 26400 39 May-08 600 72008 Oct-05 600 25800 40 Jun-08 600 66009 Nov-05 600 25200 41 Jul-08 600 600010 Dec-05 600 24600 42 Aug-08 600 540011 Jan-06 600 24000 43 Sep-08 600 480012 Feb-06 600 23400 44 Oct-08 600 420013 Mar-06 600 22800 45 Nov-08 600 360014 Apr-06 600 22200 46 Dec-08 600 300015 May-06 600 21600 47 Jan-09 600 240016 Jun-06 600 21000 48 Feb-09 600 180017 Jul-06 600 20400 49 Mar-09 600 120018 Aug-06 600 19800 50 Apr-09 600 60019 Sep-06 600 19200 51 May-09 600 020 Oct-06 600 1860021 Nov-06 600 1800022 Dec-06 600 1740023 Jan-07 600 1680024 Feb-07 600 1620025 Mar-07 600 1560026 Apr-07 600 1500027 May-07 600 1440028 Jun-07 600 1380029 Jul-07 600 1320030 Aug-07 600 1260031 Sep-07 600 12000
Sr.No AmountRecoveredSr.No AmountRecovered
 
aditya
32 Oct-07 600 11400
TOTAL30000765000
Interest=765000x8= Rs.5100/- (Rs.Five thousand One hundred only)12x100
 
aditya23456
OK
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