progress

We Run Societies

MONTHLY CALCULATIONS AT 21% PENALTY


5 weeks ago dnyaneshwer gorday, pune

HOW TO CALCULATE THIS ONE ? MAINT IS 1500 INR AND FINE IS 21 %

SIMPLY LIKE 12 X 1500 = 18000 AND THEN 21% OF 18000 WHICH IS 3750

OR ON MONTHLY BASIS LIKE

1-Jul-2018 1500 12 315 1815 @ 21.00 % FOR 12 MONTHS ( 21% PER YEAR)
1-Aug-2018 1500 11 288.75 1788.75 @ 19.25 % FOR 11 MONTHS ( 21% PER YEAR)
1-Sep-2018 1500 10 262.5 1762.5 @ 17.50 % FOR 10 MONTHS ( 21% PER YEAR)
1-Oct-2018 1500 9 236.25 1736.25 @ 15.75 % FOR 09 MONTHS ( 21% PER YEAR)
1-Nov-2018 1500 8 210 1710 @ 14.00 % FOR 08 MONTHS ( 21% PER YEAR)
1-Dec-2018 1500 7 183.75 1683.75 @ 12.25 % FOR 07 MONTHS ( 21% PER YEAR)
1-Jan-2019 1500 6 157.5 1657.5 @ 10.50 % FOR 06 MONTHS ( 21% PER YEAR)
1-Feb-2019 1500 5 131.25 1631.25 @ 08.75 % FOR 05 MONTHS ( 21% PER YEAR)
1-Mar-2019 1500 4 105 1605 @ 07.00 % FOR 04 MONTHS ( 21% PER YEAR)
1-Apr-2019 1500 3 78.75 1578.75 @ 05.25 % FOR 03 MONTHS ( 21% PER YEAR)
1-May-2019 1500 2 52.5 1552.5 @ 03.35 % FOR 02 MONTHS ( 21% PER YEAR)
1-Jun-2019 1500 1 26.25 1526.25 @ 01.75 % FOR 01 MONTHS ( 21% PER YEAR)

18000 2047.5 20047.5


THIS IS 2047.5 AS FINE.... WHICH ONE IS CORRECT ?

Society Maintenance Charges


Add comment


Post