Annexure - 1: Example of Calculating Weighted Average Rates
| No: 42009284 | Date(g): 6/10/2020 | Date(h): 19/2/1442 | Status: In-Force |
Effective from Oct 06 2020 - Dec 31 2019
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Below is an example of computing the weighted average rate for a given period end balance amount of SAR 360 Million.
| 1 | 2 | 3=(1*2) |
| Rates | Balance in 000’s | Rates multiplied by Balance |
| 0% | 30,000 | - |
| 1% | 50,000 | 500 |
| 2% | 60,000 | 1,200 |
| 4% | 80,000 | 3,200 |
| 5% | 90,000 | 4,500 |
| 8% | 20,000 | 1,600 |
| 10% | 30,000 | 3,000 |
| Total | 360,000 | 14,000 |
| WA Rates=(3/2)*100 | (14000/360000)*100 | |
| Weighted Average Rate | 3.89% | |