Economy, asked by rishabjaral7421, 1 year ago

Co-op housing society interest should be compound interest or simple interest

Answers

Answered by queenlvu7276

Answer:

hey here is your answer

Co-operative Society — Interest on Interest on maintenance dues. ... They are charging 21% compound interest rate - 1.75 % per month on maintenance and interest outstanding. As per bye laws 21% simple interest is applicable.

hope it help u

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