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shalley

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shalley

Re: I_Am_Ram post# 180154

Tuesday, 09/12/2017 9:31:59 PM

Tuesday, September 12, 2017 9:31:59 PM

Post# of 235076
You can do the calculation until 12 months. Is it equal to 100*1.16*12 with compound interest? Should be 100*(1+16%)^12.

But your result about 1.5m loan at 16% interest for one year is right. It will be 8.9m after 12 months. Guess Kay expects some funds for him to pay back soon. Otherwise he would not take this type of loan. The interest for this type of loan is horrible.





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