Interest calculation
This query is : Resolved
Sankar Chakraborty
(Querist)
12 June 2013
please let me know how to calculate interest on reducing balance method
please answer
please answer
CMA Ramesh Krishnan
(Expert)
12 June 2013
Interest on reducing balance means, when ever repayment of principal is made, from that day onwards interest will be calculated on reduced balance after considering the repayment
Interest calculation files are available in the files section, you can download and check
Interest calculation files are available in the files section, you can download and check
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