How to Calculate a Partial Payment


If you've ever lived on your own then you've been responsible for paying a bill and/or making a payment on a bill. Sometimes you don't have enough to make the entire payment. One option companies provide is the ability to make a partial payment on your total balance. While the act of making a physical payment may be easy, calculating the amount may be a little challenging.

Determine your full payment amount. This will be on your bill or remittance letter.

Figure out what percentage of your bill you would like to pay. Let's walk through an example. Let's say your credit card bill is $500. You have determined that you would like to pay 75 percent of the bill.

Multiply the payment amount by the percentage amount. For our example the equation is .75 x $500 or $375. This represents 75 percent of the total bill amount.

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