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From "Dayna Harp (JIRA)" <j...@apache.org>
Subject [jira] [Created] (FINERACT-39) Simple Interest Calculation for Savings
Date Fri, 19 Feb 2016 19:44:18 GMT
Dayna Harp created FINERACT-39:
----------------------------------

             Summary: Simple Interest Calculation for Savings
                 Key: FINERACT-39
                 URL: https://issues.apache.org/jira/browse/FINERACT-39
             Project: Apache Fineract
          Issue Type: Improvement
          Components: Savings
            Reporter: Dayna Harp
            Assignee: Markus Geiss
            Priority: Minor


https://mifosforge.jira.com/browse/MIFOSX-2297

[~adi.raju] For simple interest calculation, the formula would simply be: Simple Interest
= Prinicipal*Rate*Time

http://www.financeformulas.net/Simple_Interest.html



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