Monthly instalment:
Period in months:
Rate as per above table:
month sequence | ROUND OFF METHOD | TRUNCATING METHOD | REVERSE CALC METHOD | ||||||
---|---|---|---|---|---|---|---|---|---|
month sequence | RD AMT | Interest | Total | Intt(trunc) | Total(FloorCo) | Intt(rev.meth.) | Total(matuCo) |
In Round off method the interest every month is rounded off to nearest paise
In Truncation menthod the interest every month is taken to the floor ( the lower integer) upto paise
In reverse interest method the maturity amount upto that month is calculated first and then interest is
is calculated by subtracting previous maturity-c/o amount from the current maturity-c/o amount
Maturity:
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