Wiki User
∙ 11y ago30.00
Wiki User
∙ 11y agoIf you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.
Principle = 10,000/-Interest Rate = 0.08Tenor = 5 YEARSValue of deposit on maturity = Principle X (1+Interest Rate) ^ Tenor= 10,000 X (1+0.08)^5 = Rs 14,693.28
(10000)(0.8)(5)/100 ~ 10400
7954/- At the end of 5 years - 2928/- At the end of 10 years - 4715/-
It means the percent of interest paid annually (p.a. means per annum).
13468.02
If you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.
Principle = 10,000/-Interest Rate = 0.08Tenor = 5 YEARSValue of deposit on maturity = Principle X (1+Interest Rate) ^ Tenor= 10,000 X (1+0.08)^5 = Rs 14,693.28
5000
$4.63
29.86
The "13 percent rate" is the equivalent annual rate. So the interest will be 130.
100
189.89
$530.60
$16,105.10 if compounded yearly, $16,288.95 if compounded semi-annually, $16,386.16 if compounded quarterly, $16,453.09 if compounded monthly, and $16,486.08 if compounded daily.
(10000)(0.8)(5)/100 ~ 10400