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solve compound interest sums. R Rate of Interest. I would choose option 1.
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Compound interest calculator Compound Interest is calculated on the initial payment and also on the interest of previous periods. Your intermediate accounting textbook may substitute n for time the n stands for number of periods time. R Rate of Interest.
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At 3 annual interest it will take approximately 231 years to double your money. An amount of money grows upto Rs 3000 in 3 years and upto Rs 4000 in 4 years on compound interest. A sum of Rs. Finds the Future Value where.
