Please show me a formula for calculating interest on my pf deposit having withdrawal during the year?

Question

please show me a formula for calculating interest on my pf deposit having withdrawal during the year

Answer 1

Answer 1 is right.

Answer 2

it goes like as under:

opening balance                                                           5000

                subscription(+)            withdrawal(-)

april            1000                                ---                           6000

may             1000                            ---                              7000

june               1000                         500                             6500

and so on upto march

and then add the total for each month  (6000+7000+6500 and so on)

then u have some amount say 90000

omit last two figures from it u have 900 then

   then    900 x rate of interest  and divide it by 12

regards