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16.9% Apr Annual ---What Is Interest Rate


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Posted

i took a personal loan from bank...they said its 16.9% apr annual ---so what is interest rate......

Posted

1.41% per month

Posted

[img]http://lh3.ggpht.com/-5C4yzgRkRrM/T54bFPHYmMI/AAAAAAAAGVc/SBiHojQQhxE/s176/ha%2520cheppu%2520cheppu.gif[/img]

Posted

[quote name='Vaampire' timestamp='1371669788' post='1303870991']
1.41% per month
[/quote]
idem lekka [img]http://lh3.ggpht.com/_KVkPY2XIbRQ/TWAgXprYLuI/AAAAAAAABCo/VzL0ae41lc4/brahmi%20laugh.gif[/img]

Guest Lafoot_Mod
Posted

[quote name='Vaampire' timestamp='1371669788' post='1303870991']
1.41% per month
[/quote]

Smart ga by 12 vesav....but APR ala work avadhu kadha sCo_^Y

Posted

[quote name='zuuzuubee' timestamp='1371670314' post='1303871016']

Smart ga by 12 vesav....but APR ala work avadhu kadha sCo_^Y
[/quote]
alagey work ayyedhi

Posted

[quote name='zuuzuubee' timestamp='1371670314' post='1303871016']

Smart ga by 12 vesav....but APR ala work avadhu kadha sCo_^Y
[/quote]
almost per month kindane calculate chestaaaru... @ nee outstanding balance meeda...

Posted

[quote name='zuuzuubee' timestamp='1371670314' post='1303871016']

Smart ga by 12 vesav....but APR ala work avadhu kadha sCo_^Y
[/quote]


nee balance okavela 10k undi anuku for complete year....year ki 10000*16.9/100 = 1690 is yearly interest...140.833 is monthly interest...

so percentage lo kavali ante...1.408...anthe...alane calculate chestharu


okavela nuvvu monthly intha pay chesav anuku...like 1000 for first month.....next month 9k*16.9/100 chestharu

Guest Lafoot_Mod
Posted

[quote name='CHANAKYA' timestamp='1371670521' post='1303871036']
almost per month kindane calculate chestaaaru... @ nee outstanding balance meeda...
[/quote]

outstanding balance midha 1.41 ah aytha?

Guest Lafoot_Mod
Posted

[quote name='edisav_edava' timestamp='1371670747' post='1303871045']


nee balance okavela 10k undi anuku for complete year....year ki 10000*16.9/100 = 1690 is yearly interest...140.833 is monthly interest...

so percentage lo kavali ante...1.408...anthe...alane calculate chestharu


okavela nuvvu monthly intha pay chesav anuku...like 1000 for first month.....next month 9k*16.9/100 chestharu
[/quote]

got it....ba cheppav clear ga CITI_$D#

Posted

[quote name='zuuzuubee' timestamp='1371671166' post='1303871065']

got it....ba cheppav clear ga CITI_$D#
[/quote]

:)

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