Anonymous
#education
Hey friends, how is 7% interest for saving accounts calculated is it done monthly? And how is the calculation done pls help thank you
Mar 05, 20214 engagements
For 1000 birr 64 birr interest per a year
Mar 05, 2021
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Anonnymmous
1646ZestyBoar92
187When you put birr in Ethiopian banks, the 7% interest doesnt really matter when you have an inflation around 19% - 21%, birr depreciating at that rate
Mar 05, 2021BISMARCK
1347F=P(1+i)^n
Mar 05, 2021Bruk4
43Yearly nw bro... i advise u , don't save... Just do business... invest it
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