Fixed Deposit Rates in Malaysia V3, Read 1st post to find highest rate.
|
|
 Feb 28 2013, 12:22 AM
Return to original view | Post
#1
|
 
All Stars
12,214 posts Joined: Jan 2003 From: Singapore | Malaysia  
|
guys I need clarifications on FD rates.
Say a bank gives 3.20% per annum for 3 months tenure. I put in RM10,000. After 3 months do I get: a. RM10,320 (RM10,000 + RM320), or b. RM10,080, based on my calculation below CODE 3.2% per annum = 0.2667% per month 1st mo: RM10,026.67 (RM10,000 x 1.002667) 2nd mo: RM10,053.41 (RM10,026.67 x 1.002667) 3rd mo: RM10,080.22 (RM10,053.41 x 1.002667) |
|
|
Feb 28 2013, 12:27 AM
Return to original view | Post
#2
|
|
All Stars
12,214 posts Joined: Jan 2003 From: Singapore | Malaysia
|
QUOTE(AVFAN @ Feb 28 2013, 12:26 AM) b, of course.   thanks! |
|
Topic ClosedOptions
|
| Change to: |  0.0643sec
 0.76
 7 queries
 GZIP Disabled
Time is now: 1st December 2025 - 10:36 AM |
Quote