If you invest a lump-sum amount of P 25,000 at an interest rate of 12%, compound monthly, how much would be your investment after 3 years
What is 12% interest compounded monthly?
“12% interest compounded monthly” means that the interest rate is 12% per year (not 12% per month), compounded monthly. Thus, the interest rate is 1% (12% / 12) per month.
How many years your investment will double your money at 12% interest?
A borrower who pays 12% interest on their credit card (or any other form of loan that is charging compound interest) will double the amount they owe in six years.
How do you calculate lump sum interest?
You must use the mathematical formula: FV = PV(1+r)^n FV = Future Value PV = Present Value r = Rate of interest n = Number of years For example, you have invested a lump sum amount of Rs 1,00,000 in a mutual fund scheme for 20 years. You have the expected rate of return of 10% on the investment.
What will be the compound interest on 15000 for 2 years at 12% per annum select one?
Therefore, compound interest is 3150 Rs.
What will be the compound interest on a sum of Rs 25000 after 3 years at the rate of 12 per annum?
25,000 after 3 years at the rate of 12 p.c.p.a? = Rs. 35123.20.
What will be the compound interest on rupees 25000 after 3 years at the rate of 12% per annum?
Rate of interest = 12% p.a. ∴ The compound interest is Rs. 10123.20.
What will be the Compound Interest nearest to Rs 1 on a sum of Rs 25000 for 2 years at 12% pa If the interest is compound 8 monthly?
What will be the compound interest (nearest to ₹1) on a sum of ₹25,000 for 2 years at 12% p.a., if the interest is compounded 8-monthly ? As per the given question, Sum of amount =25000Rs. Hence the required compound interest = 31493 − 25000 = 6493 R s .
How long does it take for a principal of rupees 25000 at a simple interest rate of 5% to become rupees 30000?
therefore Rs 25000 at 5% takes 4 years to Rs 30000.
What will be the compound interest of rupees 25000 for 3 years at 8% per annum compounded annually?
= ₹ 33264. Amount = ₹ 33264.
What is the compound interest on Rs 25000?
The compound interest on Rs. 25000 at 10 % per annum is Rs. 5250 .
How much will rupees 25000 amount to in 2 years at compound interest if the rates for the successive years are 4% and 5% per year?
25000, t = 2 years, r = 4%, 5% successively. Hence, Amount = Rs. 27300.
What is the interest on Rs 5000 at 8% for 1 year?
Complete step-by-step answer:
Therefore, the compound interest is Rs. 624.32 on Rs. 5000 if it is compounded half yearly for 1 year 6 months at 8 % per annum.
What is the difference between the compound interests on ₹ 5000 for 112 years at 4% per annum compounded yearly and half yearly?
total amount after 1 ½ years when interest is compounded half yearly. = 5306.4 Rs. compound interest = 5306.4 – 5000 = 306.4 Rs. so, difference between them = 306.4 – 304 = 2.04 Rs.
What is the difference between the compound interest on rupees 5000 for 1 year at 4 per annum compounded yearly and half yearly?
= Rs. (5000 × 26/25 × 51/50) = Rs. 5304.
How do you calculate monthly interest rate in rupees?
The principal amount is Rs 10,000, the rate of interest is 10% and the number of years is six. You can calculate the simple interest as: A = 10,000 (1+0.1*6) = Rs 16,000. Interest = A – P = 16000 – 10000 = Rs 6,000.
How is interest calculated monthly?
To calculate the monthly interest, simply divide the annual interest rate by 12 months. The resulting monthly interest rate is 0.417%. The total number of periods is calculated by multiplying the number of years by 12 months since the interest is compounding at a monthly rate.
How is interest calculated in interest?
Using our example above, the first interest earned on the 10-year bond is $250. For the second period, interest will then be calculated on the increased value of the bond. In this case, the interest earned for the second compounding period is: 2.5% x ($10,000 + $250) = 2.5% x $10,250 = $256.25.