Effective Interest Rate for Simple Interest Deposits
Session
Management, Business and Economics
Description
In this paper some techniques for calculating the effective interest rate for simple interest deposits for several types of bank deposits are shown. Some examples of calculating the effective interest rate for different term deposits are taken. A mathematical model for calculation the effective interest rate for simple interest deposits is shown. For accurate calculations the financial consultant CASIO FC -100V has been used.
Keywords:
Nominal interest rate, Principal, Simple interest, Periodical interest rate, Effective interest rate
Session Chair
Hasan Metin
Session Co-Chair
Bejtush Ademi
Proceedings Editor
Edmond Hajrizi
ISBN
978-9951-437-69-1
Location
Pristina, Kosovo
Start Date
27-10-2018 1:30 PM
End Date
27-10-2018 3:00 PM
DOI
10.33107/ubt-ic.2018.288
Recommended Citation
Limani, Ramadan, "Effective Interest Rate for Simple Interest Deposits" (2018). UBT International Conference. 288.
https://knowledgecenter.ubt-uni.net/conference/2018/all-events/288
Effective Interest Rate for Simple Interest Deposits
Pristina, Kosovo
In this paper some techniques for calculating the effective interest rate for simple interest deposits for several types of bank deposits are shown. Some examples of calculating the effective interest rate for different term deposits are taken. A mathematical model for calculation the effective interest rate for simple interest deposits is shown. For accurate calculations the financial consultant CASIO FC -100V has been used.