: an automatic electronic machine that can store and process data. See words that rhyme with computer Spanish Central: Translation of computer Nglish: Translation of computer for Spanish speakers Britannica English: Translation of computer for Arabic speakers Britannica.com: Encyclopedia article about computer.
To calculate each owner's net revenue interest, multiply her percentage ownership by the result of the previous calculation. Imagine two working interest owners, one with a 75 percent and the other with a 25 percent working interest.
EXPLANATION: Since the interest for 1 year is 0%, the interest for 2 months or 60 days is 1% and the interest for 6 days is 1/10 of that for 60 days, or .1%. Taking the given example, the time is divided as shown. Each 60-day period earns 1% or $5.00 of interest.