Explain about gross intrest and net interest? – InterviewSolution

InterviewSolution

1.	Explain about gross intrest and net interest?
Answer» GROSS interest is the annual rate of interest to be paid on an INVESTMENT, security, or deposit account before taxes or other charges are DEDUCTED. Gross interest is expressed as a PERCENTAGE and is the opposite of net interest, which is the rate of interest after taxes, fees and other costs are deducted.

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