Poonawalla fincorps
Poonawalla fincorps

Formula for calculating compounding intt.

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 October 2015 i need to calculate some outstanding dues with interest to be calculated @ 24% p.a. at monthly compounding.

is there any formula which can be applied universaly.
The dues are some for 230 days , some for 740 days etc.

Thanks in Advance.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
02 October 2015 https://www.caclubindia.com/share_files/compound-interest-calculator-36493.asp

Check out file from above link and see if it helps.

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