Interested to Buy Any Domain ? << Click Here >> for more details...
What is Compound Interest?
- 4 Answers
- 6050 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 |
WHAT IS THE LAST DATE OF HOUSE TAX SUBMITED , AND WHAT IS THE RATE OF HOUSE TAX ?WE PAID HOUSE TAX MCD OR ANY OTHER. PLEASE TELL ME.
Explain the Accounting Equation?
Suppose you buy a one-year government bond that has a maturity value of Rs.1000. The market interest rate is 8 per cent. (a) How much will you pay for the bond? (b) If you purchase the bond for Rs.904.98, what interest rate will you earn from this investment?
Where accumulated Depreciation appears - b/s or p&l. please provide journal entry while accumulating and also while using the fund for purchase of new assets.
Why Is The Distinction Between Product Costs And Period Costs Important?
if the chq is dishonored which entry will be passed???????? give example entry
Why Reserves and Surplus are shown on the liabilities side of the balance sheet.? justify your answer.
4 Answers Infosys, Muthoot Group,
If we maintain inventory then if proprietor take the some goods for personal Use then how to we do entry
all ques. related to accounts?
c form 1st qtr 2013-2014 issued th.on line start from which date
What is finance lease? What are bonus Shares? entry for it. What is Depreciation? What is the Journal Entry? What is DPS? What is minority Interest? where it is shown?
parent company loss deduct from subsidiary company proft
Audit 
