18 June 2012
sir any one can help me to find out this calculation 800,000x16%=128,000/- 800,000/16%=5,000,000/- the second line calculation what is it mean please help me
19 June 2012
To tell u illustratively,if the rate is simple interest rate, Ist calculation is to find out how much interest you will get if u invest 8 lacs @16%. and for second calculation, it is like you want to find how much to invest if you want 8 lacs @16% simple interest rate.
CAclubindia
