Hwo to use Calculator
1. Select the year and the month of which you wish to calculate the rate of interest
2. Enter the amount of Interest charged by the financial institution for the month selected
3. Enter the day end balance as per Bank statement
4. Enter value for all the days and then click on the “Calculate” button to get the Rate of Interest charged on your Working Capital Limit
Points to remember:
- Do not enter Negative sign “-” in the day end balance columns
- If there is Positive/ debit day end balance on any date, enter 0 as value
- If there are no transactions on a day or the day end balance is same as previous day then simply click the delete button given next to the amount column.
