The interest of loan is converted at rate on which date?
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Answer:
6.90% [ I think so ]
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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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