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How do you work out the balance of the interest charged?


Question:
Could someone please tell me how to work out what the balance that interest refers to. For instance, if the interest charged is 9.76 at 1.313 per month.

Answer:
at 1.313% amount is 9.76
at (100 - 1.313) 98.687 ----- ?

multiply 9.76 and 98.687 and divide it by 1.313 add the answer and 9.76 that will be the princliple
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