Course Content

  • 10000

Course Content


Tally allows you to calculate interest in two ways: in easy mode and in advanced mode. In most cases, interest is computed on past-due bills or late payments, as well as on loans. Interest is a source of income for the recipient and a source of expense for the payment.

SI = P R T, where P = Principal, R = Rate of Interest, and T = Time Period, is a formula for calculating simple interest.

Simple interest is found in monthly amortised car loans and monthly amortised retailer instalment loans; as the loan balance decreases with each monthly payment, so does the interest. CDs pay a certain amount of interest on a predetermined date, reflecting simple interest.

Recommended Courses

Share With Friend

Have a friend to whom you would want to share this course?

Download LearnVern App

App Preview Image
App QR Code Image
Code Scan or Download the app
Google Play Store
Apple App Store
598K+ Downloads
App Download Section Circle 1
4.57 Avg. Ratings
App Download Section Circle 2
15K+ Reviews
App Download Section Circle 3
  • Learn anywhere on the go
  • Get regular updates about your enrolled or new courses
  • Share content with your friends
  • Evaluate your progress through practice tests
  • No internet connection needed
  • Enroll for the webinar and join at the time of the webinar from anywhere