[FINERACT-1638] Overdraft is extended or partially repaid, the interest is not being calculated correctly as it is not including previous days interest when calculating new interest posting

• Type: Bug
• Status: Resolved
• Priority: Major
• Resolution: Fixed
• Fix Version/s: 1.8.0
• Assignee: Dhaval Maniyar
• Reporter: Vikranth Ramasami
• Created: 10/Jun/22 16:19
• Updated: 22/Aug/22 11:23
• Resolved: 28/Jul/22 12:23

Description

 

• We are expecting the interest applied on 8^th June to be 12.78 i.e. 1% of 1277.95 (i.e the account balance including previous days interest).{}{}
• Instead the interest is being posted as 12.57 which is 1% of 1257.45 (which is the sum of only the withdrawal and withdrawal entries).

 The same issue will happen if you say do a withdrawal today and then do a partial deposit or another withdrawal the interest posted tomorrow will be incorrect 

Issue Links

• blocks: FINERACT-1680 Release Apache Fineract 1.8.0
• links to: GIT PR