Need A Financial Product › Forums › Loans › What is discounted rate for monthly interest pay › What-is-discounted-rate-for-monthly-interest-pay_REPLY
November 17, 2014 at 10:41 am
#48465
samkapoor77Keymaster
In case if discounted rate, interest pay happens on monthly basis. Due to this reason the compounding interest will either be equal to or less than the annual interest. With this logic, you should get little less than Rs. 1,500.