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IC || How to Achieve Normal Simple Interest Calculation ? (Doc ID 2833413.1)

Last updated on JANUARY 20, 2022

Applies to:

Oracle FLEXCUBE Universal Banking - Version 14.3.0.0.0 and later
Information in this document applies to any platform.

Goal

How to achieve a normal simple interest calculation given below ?
eg : - Loan financed is 100,000 with profit rate as 3%, then profit should be 3,000 in a year .


Solution

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In this Document
Goal
Solution
References


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