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Interest calculation

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Sankar Chakraborty

Sankar Chakraborty (Querist)
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12 June 2013 please let me know how to calculate interest on reducing balance method

please answer

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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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

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