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What is the real cost of an overdraft at 10% per year? Suppose the credit is granted from December 1 to December 15.

Accounting Credit Financial Accounting Banking Operations Banking
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Question added by Nadjib RABAHI , Freelancer , My own account
Date Posted: 2017/03/27
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Jayaraman Sriram
by Jayaraman Sriram , Program Manager , Mahindra Satyam

Interest for 10 days @ 10% p/a would be 0.27% 

Mohammad Iqbal Abubaker
by Mohammad Iqbal Abubaker , Jahaca Pty Ltd - Accounts Administrator , Jahaca Pty Ltd - Accounts Administrator

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