SELECT THE TERM OF COMPOUNDING

usage:

- Check the period(Term) of compounding (above):

it is quarterly on load

change if necessary. - Change the monthly instalment Rs as necessary
- Change the period in months if necessary
- The rate of interest is as per table on left

corresponding to months and above - The rate table can be modified by clicking

approproate link below - See the effect of changes in output (red) and

table below for every change made. - NO EMAIL ID REQD
- NO LOG IN
- NO ID
- SIMPLE CALCULATOR

Monthly instalment:

Period in months:

Rate as per above table:

Maturity: go top

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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