People with eating disorders take such concerns to extremes, developing abnormal eating habits that threaten their well-being and even their lives. This question-and-answer fact sheet explains how psychotherapy can help people recover from these dangerous disorders.
The interest on balance in your PPF account is compounded annually and is credited at the end of the year. But the point to remember is that the interest calculation is done every month: the interest is calculated on lowest balances in account between 5th and the last day of the month.
Please show your work here: Total interest for the first year is 15.53% of $5,270, or: .1553*$5,270 = $818.40 The monthly interest is divided by 12 since there are twelve months in a year: $818.40/12 = $68.20. The calculation of $105.40 from Part I above, $68.20 goes to interest and the rest is applied to the principal.