Lumpsum Interest Calculation
Formula for Lumpsum Interest Calculation:
A = P (1 + R/N) ^ NT
Where,
A: Estimated returns,
P: Present value of investment,
R: Estimated rate of return
T: Tenure
N: number of compound interests in a year
Calculate your final amount with Lumnpsum Investment
Year | Opening Balance (₹) | Interest (₹) | Closing Balance (₹) |
---|---|---|---|
2023 | 500 | 5 | 505 |
Formula for Lumpsum Interest Calculation:
A = P (1 + R/N) ^ NT
Where,
A: Estimated returns,
P: Present value of investment,
R: Estimated rate of return
T: Tenure
N: number of compound interests in a year