Posted by: SASHAN April 17, 2011
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TOTAL DEPOSIT in first month | 100,000.00 | |
Interest rate | 10.50 | |
After Tax interest(5%tax) |
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Monthly after tax ineterst | 831.25 | |
first quarter interest after tax(at ashoj end) | 2,493.75 | |
2nd quarter interest after tax(at poush end) | 2,493.75 | |
3rd quarter interest after tax(at chaitra end) | 2,493.75 | |
4th quarter interest after tax(at ashad end) | 2,493.75 | |
Annual total interest > | 9,975.00 | |
Total annual imterest after tax | 9,975.00 |
*note: total annual interest will be greater than 9,975 because you will get interest on interest also for each quarter