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Interest Calculation of Loan @8% not happening

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Dear Experts,

 

We have an issue, where in interest rate for the loan is 8%. For eg., if an employee has taken the loan for Rs. 250000, then 8% becomes 20000, so adding this amount, loan amount with interest becomes 270000. But as of now system is taking into consideration on Rs. 250000. I have checked the configuration, 8% is maintained in the system. Please guide me where I am wrong in the configuration.

 

Regards,

Bhagyashree


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