Question

How to calculate compound interest in Indian rupees

Answer 1

compound interest (CI) calculator - formulas & solved example problems to calculate ... frequency, in different world currencies such as USD, GBP, AUD, JPY, INR, NZD, CHF ...

Answer 2

The compound interest is always calculated to be the difference between the final amount obtained after getting compounded for the required number of years with the required compounding frequency and the initial principal amount.

To calculate the final amount after compounding takes place, we use the formula

$A=P(1+\frac rn)^{nt}$

where

P is the initial principal amount

r is the rate of interest per year

n is the frequency of the interest getting compounded per year

t is time in years

Now compound interest = A-P