Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

banner_ad

Interest calculation

This query is : Resolved

Share Report Follow Query Ask a Query

jansirani (Querist)
Follow

26 June 2012 50000 invested on 2march for 5 years and interest rate is 9.25% the interest should get 78985 solve this

DIVYA MITTAL

DIVYA MITTAL (Expert)
Follow

27 June 2012 From ist year 2nd march -1Mar =50000*9.25%=4625 total payments in ist year=50000+4625=54625.

2nd year-54625*9.25%=5053 then payment=54625+5053=59678

3rd year=59678*9.25%=5520,then payment=59678+5520=65198

4th year=65198*9.25%=6031 then payment is=65198+6031=71229

5th year=71229*9.25%=6589,then payment after 5 years=71229+6589=77818 this is my view if the case of compounding interest.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CCI Pro

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

CCI Pro

Meet our CAclubindia PRO Members

Pro Member ACCFIN SOLUTIONS

ACCFIN SOLUTIONS

Pro Member Binod Singh

Binod Singh

Pro Member office docs

office docs

Pro Member Sanjeev Kumar Manchanda

Sanjeev Kumar Manchanda

Pro Member JAYDEEP MITRA

JAYDEEP MITRA

Follow us

add to google news

Answer Query

Quick Links

Browse by Category

Latest Job Openings

View all

16 May 2026

Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details

ARTICLESHIP 05 May 2026

ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details

Featured 27 May 2026

Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details

Featured 27 May 2026

Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details

26 May 2026

Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details

19 May 2026

Accountant

ca kunjan

Mumbai

CA Inter

View Details

10 May 2026

Finance specialist

Right way solution

Ajmer

CA

View Details

11 May 2026

Post office

Post office

Anakapalle

Others

View Details