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<... |
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Additional Details
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raj s | If I invest Rs 2000 per month for 5 year at interest of 8% ,wht will be total maturity amount with intrest.? |
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helpaneed
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Since you haven't mentioned the interest compounding period, the maturity amount with interest would vary under different interest compounding periods.
However, your investment of Rs. 2,000/= per month for 5 years (60 months) @ 8% would get you the following amount at the end of 5 years:
With Monthly Interest Compounding: Rs. 1,47,933.40
With Quarterly Interest Compounding: Rs. 1,47,723.73
With Half-Yrly Interest Compounding: Rs. 1,47,416.68
With Yearly Interest Compounding: Rs. 1,46, 827.96 |
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Focus
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Interest rates are not fixed. They may vary as per the RBI policies time to time. With such inflationary situation, RBI continuously changes the interest rates.
Today the monetary policy from RBI is expected with new interest rates. |
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Marwar
 |
Your investment appears to be on Systematic Investment Plans with small savings regularly. The answer by helpaneed above is most detailed and correct one. Others are more concerned about changes in rates of interest than answering the question as it is asked or indulging in personal publicity. |
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Shakti Singh Dulawat
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Hold stock for long term
Market is moving volatile so do not invest all your money single time, invest in mutual fund SIP, this are best mutual fund.
http://shaktibanna.blogspot.com/2008/07/mutualfundjuly2008.html |
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tumu d
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Forex trading-http://tradingsforex.info/ |
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Rahul D
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Your question is very much important for all middle class families. But as we all know, Interest rate is not stable, it depends on RBI. I guess it is good for you to contact your accountant. He will help you a lot.
http://ipo-news-india.blogspot.com/ |
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Unbiased.co.uk Find an IFA
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Assuming 8% net interest paid annually but calculated monthly, you would end up with £146k of which you would have saved £120k and £120,000 and earned interest of £26,900. Hope this helps.
Disclaimer:
The answers above are for guidance only and should not be acted upon without you receiving independent financial advice relevant to your circumstances. To find and IFA please call 0800 085 3250 or go to http://www.unbiased.co.uk. |
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gauravgupta7
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if the principal is compounded annually then you will have an amount of Rs 2938.66 at the end of 5 years |
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