Thursday 1 September 2011

Pakistani Poor paying 4380% interest

Using mobile in Pakistan is very common not only businessmen but also poor labor used mobile to increase their income but they can't understand the matter usually  they have no money to recharge their mobile account but they had to do it they recharge account by loading Rs.20 or 30 usually( it is very stuff matter to recharge your mobile account by a low amount) now they  finish their balance in 4 or 5 calls and get advance to communicate the world to earn more but he had no awareness about his earning and loosing his earning.
We can not imagine how many heavy intrest rates are taking on mobile advance balance. A U FONE user who take advance balance pay a large amount as interest which is so much if he/she calculate it then he/she never take advance balance let we calculate it,
  if a person use a very low amount of Rs. 5 per day (which is not possible because all mobile users finish more balance in a day) then he will finish her advance of Rs. 10 in two days. Now after two days he will pay Rs. 0.60 as interest if we calculate it in terms of percentage and per years we will be shocked now calculate here
 Rs.5 for a day used mean that user use Rs. 5 only for one day and next day he return it  and if he use Rs. 5 for a year then interest on it is (as rate of Rs. 0.60 per day ) 365x0.60=219 per year 
now Rs. 219 is interest on Rs.5 per year  it means if we use Rs.5 for a year then we will pay Rs.219 as  interest which is 4380 % so we are paying 4380% interest to mobile companies
Think Deeply and Act Wisely

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