8 CFR 293.3 - Simple interest table.

§ 293.3 Simple interest table.
Following is a simple interest table from which computation of interest at 3 per centum per annum on a principal of $1,000 for a fractional 365-day year may be derived by addition only. The interest is stated in the form of a decimal fraction of $1.
Days Interest
1 0821 9178
2 1643 8356
3 2465 7534
4 3287 6712
5 4109 5890
6 4931 5068
7 5753 4246
8 6575 3424
9 7397 2602
Example:
3% on $500 for 93 days:
Days
90 $7.3972 602
3 .2465 7534
Interest on $1,000 93 $7.6438 3554
Interest on $500 $3.82
Beta! The text on the eCFR tab represents the unofficial eCFR text at ecfr.gov.
§ 293.3 Time of payment.

Interest shall be paid only at time of disposition of principal cash when the immigration bond has been cancelled or declared breached.

[80 FR 34242, June 16, 2015]

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United States Code
Statutes at Large

Title 8 published on 2015-01-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 8 CFR Part 293 after this date.

  • 2015-06-16; vol. 80 # 115 - Tuesday, June 16, 2015
    1. 80 FR 34239 - Change to Existing Regulation Concerning the Interest Rate Paid on Cash Deposited To Secure Immigration Bonds
      GPO FDSys XML | Text
      DEPARTMENT OF HOMELAND SECURITY, DHS, U.S. Immigration and Customs Enforcement
      Final rule.
      This rule is effective August 17, 2015.
      8 CFR Part 293