What are the methods of calculating Interest?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
Problem 14QTD
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What are the methods of calculating Interest?

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Interest is an additional amount received on a deposited amount for a deposited period. It increases the depositor’s wealth.

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