Return-Path: X-Original-To: apmail-fineract-dev-archive@minotaur.apache.org Delivered-To: apmail-fineract-dev-archive@minotaur.apache.org Received: from mail.apache.org (hermes.apache.org [140.211.11.3]) by minotaur.apache.org (Postfix) with SMTP id 75299184E6 for ; Fri, 26 Feb 2016 05:53:21 +0000 (UTC) Received: (qmail 37917 invoked by uid 500); 26 Feb 2016 05:53:21 -0000 Delivered-To: apmail-fineract-dev-archive@fineract.apache.org Received: (qmail 37879 invoked by uid 500); 26 Feb 2016 05:53:21 -0000 Mailing-List: contact dev-help@fineract.incubator.apache.org; run by ezmlm Precedence: bulk List-Help: List-Unsubscribe: List-Post: List-Id: Reply-To: dev@fineract.incubator.apache.org Delivered-To: mailing list dev@fineract.incubator.apache.org Received: (qmail 37868 invoked by uid 99); 26 Feb 2016 05:53:21 -0000 Received: from pnap-us-west-generic-nat.apache.org (HELO spamd1-us-west.apache.org) (209.188.14.142) by apache.org (qpsmtpd/0.29) with ESMTP; Fri, 26 Feb 2016 05:53:21 +0000 Received: from localhost (localhost [127.0.0.1]) by spamd1-us-west.apache.org (ASF Mail Server at spamd1-us-west.apache.org) with ESMTP id F1CF3C27A7 for ; Fri, 26 Feb 2016 05:53:20 +0000 (UTC) X-Virus-Scanned: Debian amavisd-new at spamd1-us-west.apache.org X-Spam-Flag: NO X-Spam-Score: 0.98 X-Spam-Level: X-Spam-Status: No, score=0.98 tagged_above=-999 required=6.31 tests=[KAM_LAZY_DOMAIN_SECURITY=1, RCVD_IN_MSPIKE_H3=-0.01, RCVD_IN_MSPIKE_WL=-0.01] autolearn=disabled Received: from mx2-lw-eu.apache.org ([10.40.0.8]) by localhost (spamd1-us-west.apache.org [10.40.0.7]) (amavisd-new, port 10024) with ESMTP id NopTobV5W7R9 for ; Fri, 26 Feb 2016 05:53:20 +0000 (UTC) Received: from mail.apache.org (hermes.apache.org [140.211.11.3]) by mx2-lw-eu.apache.org (ASF Mail Server at mx2-lw-eu.apache.org) with SMTP id 115C05F3A1 for ; Fri, 26 Feb 2016 05:53:18 +0000 (UTC) Received: (qmail 37816 invoked by uid 99); 26 Feb 2016 05:53:18 -0000 Received: from arcas.apache.org (HELO arcas) (140.211.11.28) by apache.org (qpsmtpd/0.29) with ESMTP; Fri, 26 Feb 2016 05:53:18 +0000 Received: from arcas.apache.org (localhost [127.0.0.1]) by arcas (Postfix) with ESMTP id 189142C1F58 for ; Fri, 26 Feb 2016 05:53:18 +0000 (UTC) Date: Fri, 26 Feb 2016 05:53:18 +0000 (UTC) From: "Adi Raju (JIRA)" To: dev@fineract.incubator.apache.org Message-ID: In-Reply-To: References: Subject: [jira] [Commented] (FINERACT-39) Simple Interest Calculation for Savings MIME-Version: 1.0 Content-Type: text/plain; charset=utf-8 Content-Transfer-Encoding: 7bit X-JIRA-FingerPrint: 30527f35849b9dde25b450d4833f0394 [ https://issues.apache.org/jira/browse/FINERACT-39?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=15168496#comment-15168496 ] Adi Raju commented on FINERACT-39: ---------------------------------- [~dharp@mifos.org] In the current implementation, while creating a savings product, if we choose "interest compounding period" and "interest posting period" to be same (for eg. quarterly for both), we should achieve the stated requirement. I do not see need for any enhancement. Is there any difference that we are missing here? We have asked the same question on the mifos JIRA issue as well, but it is not answered yet. I think we do not need this enhancement. > 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 -- This message was sent by Atlassian JIRA (v6.3.4#6332)