Question about Computers & Internet

1 Answer

C code for interest calculation in banking system

Posted by on

Ad

1 Answer

  • Level 2:

    An expert who has achieved level 2 by getting 100 points

    MVP:

    An expert that gotĀ 5 achievements.

    Governor:

    An expert whose answer gotĀ voted for 20 times.

    Hot-Shot:

    An expert who has answered 20 questions.

  • Expert
  • 62 Answers

Search for banking code in c at vyom.net I use to find at my time in college

Posted on Jan 22, 2009

Ad

1 Suggested Answer

6ya6ya
  • 2 Answers

SOURCE: I have freestanding Series 8 dishwasher. Lately during the filling cycle water hammer is occurring. How can this be resolved

Hi,
A 6ya expert can help you resolve that issue over the phone in a minute or two.
Best thing about this new service is that you are never placed on hold and get to talk to real repairmen in the US.
The service is completely free and covers almost anything you can think of (from cars to computers, handyman, and even drones).
click here to download the app (for users in the US for now) and get all the help you need.
Good luck!

Posted on Jan 02, 2017

Ad

Add Your Answer

Uploading: 0%

my-video-file.mp4

Complete. Click "Add" to insert your video. Add

×

Loading...
Loading...

Related Questions:

1 Answer

Whatis1.5 percent interest on$6,300.0o pr annum


depends on how often you pay off principle and how much dollars.
and how often you are charged interest.
fv=pv*(1+interest rate)^n n being the term of interest
so lets assume you pay zero off it and interest is calculated daily
fv=6300*(1+0.015/365)^365
interest = fv - pv
= 95.21 for one year without repayment
if you were to pay approx 25.15 a week you would pay this loan in 5 years time and pay approx $240 in total interest over five years
EXCLUDING future interest rate increases over the five years and excluding bank fees like account fees or account manage fee or setup a loan fee.
You could create a spreadsheet each day and calculate the interest as annual interest / 365 for the daily calculation
Then add the account fee onto the balance calc + any set up fee onto the start balance. by using =a$5 for the repayment on all rows as an example you can copy it down and the cell number will always be a$5
this way you can alter a5 and the repayment alters all the way down each week row.
or just download a template for excel
https://templates.office.com/en-us/Loan-amortization-schedule-TM10073881

Jan 19, 2018 | Computers & Internet

1 Answer

What is the formula to figure 4% daily on 380,000.00 ? Or on any amount ?


premium X % X time
so 380,00000 X4/100 X 1 year
it calculated as the amount ( premium ) multiplied by the percentage of 100 multiplied by the period in years or parts of a year
so it can be 100 X 25% or 1/4(25/100) by the period (5 years or daily (1/365 of a year)
This is known as simple interest
compound interest is calculated on remaining premium after payment X the interest rate by the day or week or month
so for example 100 X 4/100 X 1/12 is the first calculation for the month and for the next month the calculation will be premium of 80 ( if a 20 payment was made in the month X 4/100 X 1/12 and so on if payment are made on time
pm the other hand if no payment are made then the premium goes up by the interest rate
so for the next month it is 104 X 4/100 X 1/12 and the month after that 108.16 X 4/100 X 1/12.and so on
banks use compound when calculating home loan repayments and simple interest when paying interest on your deposits
( has to be in the bank for 367 days to get the interest paid )

Nov 30, 2017 | The Computers & Internet

1 Answer

How can I calculate the EMI of a home loan of 90 lacs?


Banks and Non-Banking Financial Companies use the following formula to calculate EMI of a home loan. This is the formula for calculating compound interest. Applying the same formula for a home loan of Rs 90Lakhs, we get,

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where,
P= Amount borrowed- Here, it will be 90 lakhs
R= Rate of interest per month
N= Number of months in the home loan tenure

Going by the current lending rates followed by the financial institutions, we will consider R to be 9% per annum (to be converted to % per month) and for the loan tenure, we will take 20 years/240 months.

Substituting all values in the above formula, the home loan EMI comes out to be Rs 80,975 per month.

You can easily calculate the EMI for your home loan for any bank or NBFC using a free online Home Loan EMI calculator. You can also find this handy tool on the online portals of most banks and NBFCs. All you have to do is feed in the values in the respective fields and receive the answers.

Oct 09, 2017 | The Office Equipment & Supplies

1 Answer

What is 15000.00x3% for a 5 year loan how do I calculate this.


This depends on whether interest remains constant, and if the interest is reduced as the balance is reducing.

For simplicity, the interest is 450, so you add that the the principal, making 15,450, and divide it by 60 months. The answer is 257.50 per month.

TD Bank disagrees with me by a few bucks, but close enough as it probably includes insurance.


5 year loan how to calculate interest and payments Google Search

Mar 01, 2017 | Office Equipment & Supplies

1 Answer

CurrentCD rates


This will vary widel from bank to bank, but this web site will be helpful-
CD Rates Highest Yield Bank Certificate of Deposit Interest Rate

Feb 26, 2015 | Office Equipment & Supplies

2 Answers

How do I get printout of interest I paid on loan in 2014?


Contact your lender.

You may be able to set up online access to your account data through the lender's website. If that is available, it probably includes links for your account status, history and statements. The December statement likely shows interest paid during the year.

Feb 10, 2015 | 2005 Honda Pilot

2 Answers

Bank process in daily interest calculation


I want how i can calculate daily profit /loss calculation on investment

Sep 07, 2009 | Microsoft Step by Step Visual Basic 6.0...

2 Answers

How is interest calculated on recurring deposit accounts in banks


Recurring deposit interest is calculation may vary depends on compounding period. You have to invest an amount every month interest will be calculated for the current holding in your recurring deposit account. And every compounding period interest amount will be added into holdings or available balance. You can calculate the Recurring deposit using this recurring deposit calculator

Mar 26, 2009 | Computers & Internet

Not finding what you are looking for?
Computers & Internet Logo

Related Topics:

37 people viewed this question

Ask a Question

Usually answered in minutes!

Top Computers & Internet Experts

Les Dickinson
Les Dickinson

Level 3 Expert

18424 Answers

Doctor PC
Doctor PC

Level 3 Expert

7733 Answers

David Payne
David Payne

Level 3 Expert

14162 Answers

Are you a Computer and Internet Expert? Answer questions, earn points and help others

Answer questions

Manuals & User Guides

Loading...