How does one work out out do calculation for finding out how much interest on will get?

Question

how does one work out how much interest one will get per mth

say on bank account at 8% or whetever it is interest per mth as in indian account in state bank of india on 50,000 usd -

Answer 1

I = P R T

Interest equals Principal times Rate times Time

Interest = $50,000 X 8% X 1 year/12 mo per year

Answer 2

interest is calculated on the formula : PTR/100 where p is the prinicpal, T is the time period and R is the rate of interest.

This interest on divided by 12 gives the interest amount per month.

Answer 3

50000 X (8 / 100) X (1 / 12) = 333.33 per month.