Question

What is the maturity value
of a fixed deposit worth
13,00,000 kept for 4 years
at 6% compound interest?​

Answer 1

Suppose you intend to invest Rs 1,00,000 for 10 years at an interest rate of 10 per cent and the compounding is annual. If you were to stretch the period by another 10 years, which makes it a total of 20 years, the return would be Rs 6,72,749.99.