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  • How is interest calculated?



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Interest is generally calculated as follows:

    (number of days ÷ 365 [see note]) × amount of payment × (interest rate for period ÷ 100)

    Note: 366 for a leap year

    Last modified: 06 Mar 2020QC 27745