financial : fixed deposit
0 Comments Published by nuraklia July 29th, 2007 in school of financial freedom.How to calculate Fixed Deposit interest.
The things you should know :
1. Capital
2. Interest rate P.A
3. Month (Number of month deposit) / Tenure
Let say your capital is RM 17 K, your interest rate is 3.2% and number of month deposit is 3 month.
So,
= Capital x ( Interest rate P.A / 12 ) x Month
= RM 17 000 x ( 3.2% / 12 ) x 3
= RM 135.99
To view fixed deposit rate in Malaysia, click here
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