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  • Solution:: Example Calculate Compound Interest Earned On Rs. 750 Invested at 12% Per Annum For 8 Years

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    my.nafi.pmp5283
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    The document shows how to calculate compound interest earned on Rs. 750 invested at 12% per annum for 8 years. The principal (P) is Rs. 750, the interest rate (r) is 12%, and the number of periods (n) is 8 years. The formula used is the future value of an investment (S) equals the principal (P) times (1 plus the interest rate divided by 100) raised to the power of the number of periods (n). Using this formula, the compound interest earned is Rs. 1,106.97, which is calculated by taking the future value (S) minus the original principal (P).

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    Compound Interest

    Original Title

    Compound Interest

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    The document shows how to calculate compound interest earned on Rs. 750 invested at 12% per annum for 8 years. The principal (P) is Rs. 750, the interest rate (r) is 12%, and the number of periods (n) is 8 years. The formula used is the future value of an investment (S) equals the principal (P) times (1 plus the interest rate divided by 100) raised to the power of the number of periods (n). Using this formula, the compound interest earned is Rs. 1,106.97, which is calculated by taking the future value (S) minus the original principal (P).

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    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    79 views2 pages

    Solution:: Example Calculate Compound Interest Earned On Rs. 750 Invested at 12% Per Annum For 8 Years

    Uploaded by

    my.nafi.pmp5283
    The document shows how to calculate compound interest earned on Rs. 750 invested at 12% per annum for 8 years. The principal (P) is Rs. 750, the interest rate (r) is 12%, and the number of periods (n) is 8 years. The formula used is the future value of an investment (S) equals the principal (P) times (1 plus the interest rate divided by 100) raised to the power of the number of periods (n). Using this formula, the compound interest earned is Rs. 1,106.97, which is calculated by taking the future value (S) minus the original principal (P).

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Example

    Calculate compound interest earned on Rs. 750 invested at 12% per annum for 8 years
    Solution:
    P = Principal =
    r = Rate of interest =
    n = Number of periods =
    S=
    Compound Interest = S - P =

    750
    12 %
    8
    S = P(1 + r/100)^ n
    1856.97238222

    Double Click on answer ( in pink col

    1106.97238222

    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

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