A few days ago
What is the meaning of Interest Accrued? Its really urgent.?
Hi i am a degree first year student i got this doudt when i was solving the questions from rectification of errors.
Top 7 Answers
A few days ago
Favorite Answer
well interest i would take meaning interest as %gains from an account i.e. bank, mutual, etc. accrued means gained/gathered, in turn meaning interest you’ve earned/gained/obtained.
0
4 years ago
Meaning Of Interest Accrued
0
A few days ago
A synonym might be interest “earned”. Interest accrues, or builds up, over the time. If you deposit $1000 in a savings account, you will eventually get back more than that. You will get your $1000 principle plus any interest that has accrued (earned) while the money is in the account.
0
A few days ago
In finance, accrued interest is the interest that has accumulated since the principal investment, or since the previous interest payment if there has been one already. For a financial instrument such as a bond, interest is calculated and paid in set intervals.
1
A few days ago
It depends. I am assuming you are talking about interest payable, in which case, it means the amount of interest you owe. For example, if you borrowed $1000 at 10% interest per month (not compounding, for simplicity’s sake), you would accrue $100 every month in interest payable that you owe to the lender.
0
A few days ago
it is interest either accrued to you or interest that is accrued for another person or institution : if you have borrowed money interest will accrue on it that you owe another person or institution; if you have lent money on term then the interest will accrue to you
1
A few days ago
It could be the total sum of interest (money) on a deposit or a bank account.
0
- Academic Writing
- Accounting
- Anthropology
- Article
- Blog
- Business
- Career
- Case Study
- Critical Thinking
- Culture
- Dissertation
- Education
- Education Questions
- Essay Tips
- Essay Writing
- Finance
- Free Essay Samples
- Free Essay Templates
- Free Essay Topics
- Health
- History
- Human Resources
- Law
- Literature
- Management
- Marketing
- Nursing
- other
- Politics
- Problem Solving
- Psychology
- Report
- Research Paper
- Review Writing
- Social Issues
- Speech Writing
- Term Paper
- Thesis Writing
- Writing Styles