Accountancy, asked by farooquimushir1324, 6 months ago

The interest of loan is converted at rate on which date?

Answers

Answered by pranavkumar728
0

Answer:

6.90% [ I think so ]

Explanation:

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Answered by nairaryaashok01
0

Answer:

The interest of the loan is converted at the rate of interest on the date of accrual of interest.

Explanation:

The interest of the loan is converted at the rate of interest on the date of accrual of interest.

Accrued interest is the amount that is calculated on a specific principal amount. It is usually calculated at the end of a certain accounting period like a month or year.

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