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To calculate monthly interest you only need two variable one is principal amount and the other one is mis interest rate. After that, Here is it how?

Hold,

P | Principal Amount |

R | Interest Rate |

**Formula = **

Monthly Interest = (P * R / 12) / 100;

`10000` on a monthly income scheme with the interest rate of `7` percentage. Then your calculation will like,

**Result = **

Monthly Interest = (10000 * 7 / 12) / 100; = 58

MIS calculator comes with lots of features. In our tools, we implement all the possible features that can be implementable. Here are the features are

- Simple Design, Easy to Use, and Free
- Automatic Calculaton
- Monthly Interest - How much money you will get on a monthly basis.
- Formula with Example

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