How To
Calculate Interest On Loan

If you want any kind of loan but you don't know how to calculate interest rate?

So watch these slides completely and calculate loan interest rate by yourself.

There are two types of interest rates:-

Simple Interest
Compound Interest

Formula To Calculate Interest Rate of loan

Interest = PxRxT
P = Principal Amount
R = Rate Of Interest
T = Loan Term

Now let us understand this with example

If you get loan of 2,00,000 for five years on interest rate of 5 Per Cent


P = 2,00,000

R = 5% (0.05)

T = 5 years

Interest :-
2,00,000 x 0.05 x 5

Interest = 50,000

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