Earnings Credit Rate (ECR) – Meaning, Features, Benefits and More
Earnings Credit Rate or ECR is the interest that a bank gives to the customers in the form of a discount. Banks calculate ECR… Read Article
Types of Interest Rate
Simple and Compound Interest – Meaning, Formula and Example
Simple and Compound InterestBefore lending or investing, everyone would like to know the return he will be getting for this facilitation. The return or… Read Article
Compound Interest
Meaning of Compound InterestCompound Interest is the most prevalent form of calculating interest on loans, deposits, and investments. It is a form of interest… Read Article
Simple Interest – Meaning, Calculation and more
What is Simple Interest?Simple interest is the simplest form of calculation of interest payable or receivable on the money advanced in exchange for its… Read Article
Effective Interest Rate – Meaning, Formula, Importance And More
Effective Interest Rate is the true interest rate that a company or an individual earns or pays over a given period of time as… Read Article