interest calculation based on 360 day year

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interest calculation based on 360 day year

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Development of an Interest Calculation system for a retail bank Consider a retail bank which collects money from customers and in return gives them an interest at pre determined rate. Our objective is to automate this process of interest calculation. The system developed should calculate interest daily for each account having balance more than zero at the correct interest rate. This interest calculated will be cumulatively stored in a table which will be ....etc [:=Read Full Message Here=:]


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Development of an Interest Calculation system for a retail bank Consider a retail bank which collects money from customers and in return gives them an interest at pre determined rate. Our objective is to automate this process of interest calculation. The system developed should calculate interest daily for each account having balance more than zero at the correct interest rate. This interest calculated will be cumulatively stored in a table which will be updated every day. Remember that the balance on which interest is calculated daily will ....etc [:=Read Full Message Here=:]

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