POSTED BY April 16, 2012 10:48 am COMMENTS (13)ON
Does anyone have a Formula to calculate the Accrued Interest for Fixed Deposits which are spread over different Financial Years?
Lets say I have several FDs which are spread over different Financial Years then is there a simple Mathematical Formula which can give me the Accrued Interest for a particular Financial Year..
Application : You can choose to not open excess FD’s incase if the Accrued Interest rate is going abpve Rs 10,000 p.a.
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