Dear Jan Wieck ,
>>
>> Yes I agree with you Jan , most of the time we round the amount and
>> this is done by truncating greater than 3 decimal digits and
>> rounding the 3 digit to 2 in other words :
>> select trunc(1000.236897,3);
>> then
>> selecr round(1000.236,2);
>> This takes care of the rounding factor in money as per Indian
>> standards ok, how will you verify it simple just use log and you will
>> get the correct output.
>
>
> People are often under the impression that effective APR's and all
> that stuff fall into the same category as your bank or credit card
> account balance. But that is not true.
What are you suggesting thattruncing and rounding is not good in
financial terms
Regards,
Vishal Kashyap