How to Calculate Prorated Amounts?


Prorated amounts usually paid when a service does not occur for an entire time period. An example of a prorated amount would be rent only paid for 15 days of a month instead of the normal 31. You would figure this amount by dividing the total amount due by the number of days in the month, then multiply them by the number of days the prorated amount is for.
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2 Additional Answers Answer for: how to calculate prorated amounts
How to Calculate Prorated Amounts
The term prorated means divided or distributed proportionally. It's necessary to prorate amounts that are charged or earned for part of a period. For example, you may start a new job or rent a new apartment part-way through the month. Your employer will... More »
Difficulty: Moderately Easy
Why do you need to do this calculation? I'm assuming it might be for rent. The most common reason of all. First of all how many days are there in the month you're figuring and how much is your rent? Divide your monthly payment by the number of days in the month, then multiply by the days that will be left in the month that you'll be in the apartment For more information look here: Proated Rent Calculations;
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