Question

1. You are having Rs. 20,000 and you want to invest them for 6 years in the following instruments: (is) Mutual Funds : 15 % p.a. compounded half-yearly.​

Answer 1

Answer:

With compound interest, the interest that you earn increases with the increase in your investment (monthly/quarterly/semi-annual/or annual investment plus the interest that you are earning on this investment). This calculator will help you calculate the worth of your investment after a set number of monthly investments or even a single, initial investment, based on the interest accrued on the invested amount.