Hello friends, Its time to calculate interest but according to our system its completely different we charge 75 paise to some people and 1 rupee interest to some I dont know exactly how it works but all I know is. 75 paise is 9.125% then what will be 1 rupee %? Some says its 12% but I think its wrong.. I need exact % can anyone calculate it for me and give me method to do it Thanks
How many paise are in a rupee? Let's call that number X. (Sorry I don't know the number, I have enough trouble with dollars and cents, lol) X divided by 75 times 9.125 will be the interest rate if one rupee is charged. Anybody else? Does that sound right?