Is calculaion of 2.36 Crores Correct?

Is calculaion of 2.36 Crores Correct? The clause said at 18% per month they have to repay the token amount.

Its correct my dear!
Amount = principal+interest
therfore amount =2+[2*(18/100)].

Where interest is 18%of 2 ie 0.36. And there is no half month in SIMPLE INTEREST.. Its on monthly basis.. Even if the money is to be returned within 15, 10 or 5 days.

Oh i see... You are a newbie.. And this is ur first post.. Welcum to I-F... And pls. let me know if i am wrong.. I had done Simple Interest in mathematics long time back..maybe i have forgotten it..

Hello. U r right. It should be 2.18 and the interest per month is for the whole month. 15 days interest is half the amou nt. Good mathematics.👏

really thanks for informing us correct calculation dear