Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,159,869 members, 7,841,260 topics. Date: Monday, 27 May 2024 at 05:21 AM

Simple And Compound Interest Fixed Deposit Calculation - Education - Nairaland

Nairaland Forum / Nairaland / General / Education / Simple And Compound Interest Fixed Deposit Calculation (222 Views)

White Parents Claim Calculation Error After Two Black Students Came Tops / Simple And Interesting Riddles You Are Likely To Get Wrong / NOUN 2018/2019 GP Calculation Tool. Be The First To Use It (2) (3) (4)

(1) (Reply)

Simple And Compound Interest Fixed Deposit Calculation by Mrviktor(m): 1:46pm On Sep 18, 2022
So I was thinking about something I saw somewhere..
A fixed deposit kind of calculation and the math behind it..

I was to ask if anyone could shed more light on. It.


I have been able to calculate the normal compound interest..
But where I'm struggling is with added deposit or increased tenure..

Like let's say.
Mr A invsted 9,ooo,ooo for 500 days. At an interest rate of 9%, den after 200 days mr A decided to increase the principal by 5oo,ooo,
What is the interest going to be ? At the end of 500 days. With calculation please..

(1) (Reply)

How Do I Apply MBBS In China ? / SCHOLARSHIP: Top Scholarship Opportunities In The USA 2022/2023 / Stop Looking For Job,earn 1000 Dollars A Week As A Tutor

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 7
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.