The interest will be Rs. At the intersection is the table factor for the compound amount of 1. What is your monthly interest rate and how much would you pay or earn on 2000.
Principal x Rate x Time Interest p x r x t.
R the annual interest rate expressed in decimal form decimal 100. Principal x Rate x Time Interest p x r x t. To calculate compounding interest you need to know the periodic interest rate the amount of money in the account and the number of periods the money remains in the account. A P 1rn nt A is the total that your CD will be worth at the end of the term including the amount you put in.