e.g. 21% of ROI per month, what will be the P.A ROI reducing?
2007-03-08 16:59:16 · 1 answers · asked by qfunkani 1 in Business & Finance ➔ Investing
it appears that u r not clear with u r question. roi stans for return on investment. this pertains to the earning of the bank over its investment. so far the customer is concerned loan can be given either on flat rate which means the total interest for the loan period will be pre-determined and spread over the loan period. for example if u take loan for 36 months on flat rate interest will be spread for 36 months. on the other hand loan can be taken on reducing balances. if u repay at a particular interval like 1 month/quarterly/half yearly also interest will be levied on reducing balances. but roi pertaints to the toal return on investment of a bank that speaks about the profitability. hope it is clear to u.
2007-03-08 17:38:36 · answer #1 · answered by sabu 4 · 0⤊ 0⤋