Question

Rs 6000 is lent at 5 compound interest per year for 2 years find the amount of compound interest

Answer 1

Based on your data please find the attached details.

Tried For - Fixed Deposits

Input :

Deposit Amount = 6000

Interest % (Per Year) = 10

Interest Frequency = Half Yearly

Tenure (In Months) = 24

Results:

Interest Earned = ₹ 1,293.04

Maturity Amount = ₹ 7,293.04