Bayt.com

Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Suivre

How do you Calculate Interest Payable?

Accounting Accounts Payable Finance Banking &amp Finance
user-image
Question ajoutée par محمد احمد مهدي السيد , accountant , Ahmed Soliman Al Fahhad & Sons Ltd, Co.
Date de publication: 2019/04/02
Apprécier (11) Vues (3865) Suiveurs (1655) Réponses (1592) Report Question
Ajoutez Une Réponse
Inscrivez-vous ou connectez-vous pour répondre.
Mohammed Ali

The borrowing cost is calculated by multiplying principle amount with the annual interest rate

Safeer Chandrankandy
par Safeer Chandrankandy , Financial Accountant , Siva Business management solutions

simple Interest payable can be calculated;

yearly ---  principle amount * interest rate/100

monthly --- principle amount * interest rate/100 *no. of months/12

 

 

Yasir Gondal
par Yasir Gondal , accounts officer , 3S Pakistan Security (Pvt) Limited

Its very simple by mulitiplying Principal Amount with Interest rate and numbers of years. Interest payable = P * r*t

Mohammed Abrar
par Mohammed Abrar , Accoutant , Al Ghazali International

Principal amount * interest rate / 100*time period.

Fazal Hussain Syed
par Fazal Hussain Syed , (No Limit) Rawalpindi as Advisor Legal and Audit , Construction Company

As per mutual agreed by both parties whatever the rate and period.

Noemi Cabanero
par Noemi Cabanero , payable accounting staff , Trans Asia Construction Devt Corp

Multiply the principal loan amount by the annual interest rate.  The result then is multiplied by the loan's time period.

Moeen Affan
par Moeen Affan , Admin Officer , WSP

Interest=(interest rate/Number of payments) x Principle Amount

Another method is the loan amortization table method

Sally Assi
par Sally Assi , Credit Administration Officer , BSL Bank

(interest rate / number of payments)*loan principal

Subhanullah Matiullah Fahimi
par Subhanullah Matiullah Fahimi , Branch Manager UK , Kabul Technical Services LTD

Divide your interest rate by the number of payments you'll make in the year (interest rates are expressed annually). So, for example, if you're making monthly payments, divide by 12. 2. Multiply it by the balance of your loan, which for the first payment, will be your whole principal amount.

Faith Lunyolo
par Faith Lunyolo , senior host , Emaar Hospitality Group

its calculated by deviding the numberof days basing on the loan given out to the individual with the percentage agreed on.

ZAFAR JAMIL
par ZAFAR JAMIL , Financial Internal Auditor , UNITED MOTORS COMPANY

Calculate the interest on a certain value by applying the interest rate for the period of time. 

Plus de Réponses
Ecrivez Votre Réponse
More Questions Like This