Sentences with phrase «yearly interest accrued»

So, for the first payment on this loan, your interest charge would equal the portion of the 10 % yearly interest accrued in the first month on the full amount that you are borrowing, which means that you have to pay interest of 10 % / 12 months on the full $ 12,000.

Not exact matches

-- your cost of borrowing per year not including fees or interest accrued to the day of your first payment expressed as a yearly rate.

I religiously paid income - tax on all accrued interest on FDs and RDs in the past years as I have developed my own method of calculating yearly interest on such instruments and which exactly tallies with the Bank's values.Only interest part of FLEXI account leaves some scope for difference to occur between my self - calculation and the Bank's.