How to calculate remaining loan amount from initial loan and repayment percentage?
Try changing the values in the input fields below to see how the calculation results update in real time!
I've paid % of my loan. If I initially borrowed $ ...
What amount remains to be repaid?
Calculation type: Calculating the percentage value of a given number, then subtraction.
Calculator usage:
Step 1: Calculate the amount you've repaid. Use the Basic Percentage CALCULATOR ("What is X% of Y?"). Enter the loan repayment percentage as X (30) and the initial loan amount as Y ($20000). The calculator will calculate 30% of $20000.
Step 2: Subtract the repaid amount calculated in Step 1 from the initial loan amount.
Explanation using a formula:
We are looking for the amount remaining to be repaid. 30% of $20000 has been repaid.
Repaid amount = (30 / 100) * $20000 = 0.3 * $20000 = $6000
Amount to repay = $20000 - $6000 = $14000
Calculator usage:
Step 1: Calculate the amount you've repaid. Use the Basic Percentage CALCULATOR ("What is X% of Y?"). Enter the loan repayment percentage as X (30) and the initial loan amount as Y ($20000). The calculator will calculate 30% of $20000.
Step 2: Subtract the repaid amount calculated in Step 1 from the initial loan amount.
Explanation using a formula:
We are looking for the amount remaining to be repaid. 30% of $20000 has been repaid.
Repaid amount = (30 / 100) * $20000 = 0.3 * $20000 = $6000
Amount to repay = $20000 - $6000 = $14000
Answer: $ remains to be repaid.