Example

Calculate compound interest earned on Rs. 750 invested at 12% per annum for 8 years

Solution:

P = Principal = 10300
r = Rate of interest = 6%
n = Number of periods = 5
S = P(1 + r/100)^ n
S= 13783.7234493 Double Click on answer ( in pink col

Compound Interest = S - P = 3483.72344928 Double Click on answer ( in pink col

per annum for 8 years

Click on answer ( in pink color ) to see formula

Click on answer ( in pink color ) to see formula