Interested to Buy Any Domain ? << Click Here >> for more details...
What is Compound Interest?
- 4 Answers
- 5854 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / gopi
it means every year we have to add the accumulated interest
to the total principle amount, then we again we have to
calculate the ineterst for that year.
| Is This Answer Correct ? | 11 Yes | 2 No |
Answer / h.r. sreepada bhagi
There are two concepts - Simple interest and Compound
interest. Simple interest is the interest calculated on the
base amount, where as Compound interest refers to Interest
on the Interest earned in the previous period. It's
illustrated below :
Amount of Fixed Deposit for 3 years receivable on maturity -
Rs. 100000 @10% interest calculated annually.
1st year interest Rs.10000/- Simple Interest.
2nd year interest Rs.11000/- Compound Interest.
3rd year interest Rs.12100/- Compound Interest.
The depositor will get Rs.133100/- at the end of 3 years on
maturity of the deposit. Int eh 2nd & 3rd year interest is
calculated on the previous years interest also & it's called
compounding.
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / santosh
the compound interest is the interest on the interest for
the amount taken as loan
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / ramesh9
Equity of share holder in a subsidiary company is called
compound interest.
| Is This Answer Correct ? | 2 Yes | 11 No |
Whether we add or not the Insurance policy premium of vehicle in asset value?
what will be the entry for baddebts write off. what will be the entry for baddebts write off recovered.
in terms of accounting the trial balance when is it taken?
whaT IS THE notional cash pooling
Labour charge 100000 deduction tds 5%
FROM WHERE I WILL GET PREVIOUS QUESTION PAPER OF JUNIOR ACCOUNTS OFFICER TEST OF B S N L
how to calculate the deferred tax liability & what will be the entry for the same
How do I record a prior year property tax refund on sale of asset due to overvaluation
Hi to All any body pls. tell me the entry for tds in salary example-- one employee salary 25000 tds will be 1000 how to deduct and what will be the entry for above transactions
what is prime cost &overhead cost
how to prepare bank reconcilliation and send with formate
what are cost accounting and its applications?
Audit 
