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REMUNERATIVE RATE OF INTEREST AND ACCUMULATIVE RATE OF INTEREST In India, the concepts of remunerative rate of interest and accumulative rate of interest hold significant importance, especially in the financial sector and investments. Understanding these terms is crucial for individuals and businesses alike to make informed decisions regarding their finances. Below, we delve into these […]

REMUNERATIVE RATE OF INTEREST AND ACCUMULATIVE RATE OF INTEREST The remunerative rate of interest is the rate at which interest is calculated on a principal amount over a period of time. It is also known as the nominal rate or the stated rate. For example, if a bank offers a fixed deposit with a remunerative