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11 Interest Calculation On Deposits

This document outlines the details of a fixed deposit opened on October 16, 2008 with a principal amount of 581,971.00 and an interest rate of 10.75% compounded quarterly. It provides a quarterly summary of the interest earned and balance of the deposit over a period of 30 years ending March 31, 2032.
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0% found this document useful (0 votes)
50 views3 pages

11 Interest Calculation On Deposits

This document outlines the details of a fixed deposit opened on October 16, 2008 with a principal amount of 581,971.00 and an interest rate of 10.75% compounded quarterly. It provides a quarterly summary of the interest earned and balance of the deposit over a period of 30 years ending March 31, 2032.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Principle Amount 581,971.

00 AliAsgar:
Rare of Interest 10.75% Enter the
details of
Compounding Period Quarterly deposit in the
Date of Account Opening 16-Oct-08 blue feilds
Rounding off to Nearest 0

Balance after Interest Payment by the bank Summary of Deposit on Month ended
Period
Date Interest Balance Interest Balance
Ended
16-Oct-08 581,971.00 0 581,971.00
31-Dec-08 13,198.00 595,169.00 3 15,640.00 597,611.00
31-Mar-09 15,995.00 611,164.00 6 16,061.00 613,672.00
30-Jun-09 16,425.00 627,589.00 9 16,492.00 630,164.00
30-Sep-09 16,866.00 644,455.00 12 16,936.00 647,100.00
31-Dec-09 17,320.00 661,775.00 15 17,391.00 664,491.00
31-Mar-10 17,785.00 679,560.00 18 17,858.00 682,349.00
30-Jun-10 18,263.00 697,823.00 21 18,338.00 700,687.00
30-Sep-10 18,754.00 716,577.00 24 18,831.00 719,518.00
31-Dec-10 19,258.00 735,835.00 27 19,337.00 738,855.00
31-Mar-11 19,776.00 755,611.00 30 19,857.00 758,712.00
30-Jun-11 20,307.00 775,918.00 33 20,390.00 779,102.00
30-Sep-11 20,853.00 796,771.00 36 20,938.00 800,040.00
31-Dec-11 21,413.00 818,184.00 39 21,501.00 821,541.00
31-Mar-12 21,989.00 840,173.00 42 22,079.00 843,620.00
30-Jun-12 22,580.00 862,753.00 45 22,672.00 866,292.00
30-Sep-12 23,186.00 885,939.00 48 23,282.00 889,574.00
31-Dec-12 23,810.00 909,749.00 51 23,907.00 913,481.00
31-Mar-13 24,450.00 934,199.00 54 24,550.00 938,031.00
30-Jun-13 25,107.00 959,306.00 57 25,210.00 963,241.00
30-Sep-13 25,781.00 985,087.00 60 25,887.00 989,128.00
31-Dec-13 26,474.00 1,011,561.00 63 26,583.00 1,015,711.00
31-Mar-14 27,186.00 1,038,747.00 66 27,297.00 1,043,008.00
30-Jun-14 27,916.00 1,066,663.00 69 28,031.00 1,071,039.00
30-Sep-14 28,667.00 1,095,330.00 72 28,784.00 1,099,823.00
31-Dec-14 29,437.00 1,124,767.00 75 29,558.00 1,129,381.00
31-Mar-15 30,228.00 1,154,995.00 78 30,352.00 1,159,733.00
30-Jun-15 31,040.00 1,186,035.00 81 31,168.00 1,190,901.00
30-Sep-15 31,875.00 1,217,910.00 84 32,005.00 1,222,906.00
31-Dec-15 32,731.00 1,250,641.00 87 32,866.00 1,255,772.00
31-Mar-16 33,611.00 1,284,252.00 90 33,749.00 1,289,521.00
30-Jun-16 34,514.00 1,318,766.00 93 34,656.00 1,324,177.00
30-Sep-16 35,442.00 1,354,208.00 96 35,587.00 1,359,764.00
31-Dec-16 36,394.00 1,390,602.00 99 36,544.00 1,396,308.00
31-Mar-17 37,372.00 1,427,974.00 102 37,526.00 1,433,834.00
30-Jun-17 38,377.00 1,466,351.00 105 38,534.00 1,472,368.00
30-Sep-17 39,408.00 1,505,759.00 108 39,570.00 1,511,938.00
31-Dec-17 40,467.00 1,546,226.00 111 40,633.00 1,552,571.00
31-Mar-18 41,555.00 1,587,781.00 114 41,725.00 1,594,296.00
30-Jun-18 42,672.00 1,630,453.00 117 42,847.00 1,637,143.00
30-Sep-18 43,818.00 1,674,271.00 120 43,998.00 1,681,141.00
31-Dec-18 44,996.00 1,719,267.00 123 45,181.00 1,726,322.00
31-Mar-19 46,205.00 1,765,472.00 126 46,395.00 1,772,717.00
30-Jun-19 47,447.00 1,812,919.00 129 47,642.00 1,820,359.00
30-Sep-19 48,722.00 1,861,641.00 132 48,922.00 1,869,281.00
31-Dec-19 50,032.00 1,911,673.00 135 50,237.00 1,919,518.00
31-Mar-20 51,376.00 1,963,049.00 138 51,587.00 1,971,105.00
30-Jun-20 52,757.00 2,015,806.00 141 52,973.00 2,024,078.00
30-Sep-20 54,175.00 2,069,981.00 144 54,397.00 2,078,475.00
31-Dec-20 55,631.00 2,125,612.00 147 55,859.00 2,134,334.00
31-Mar-21 57,126.00 2,182,738.00 150 57,360.00 2,191,694.00
30-Jun-21 58,661.00 2,241,399.00 153 58,902.00 2,250,596.00
30-Sep-21 60,238.00 2,301,637.00 156 60,485.00 2,311,081.00
31-Dec-21 61,856.00 2,363,493.00 159 62,110.00 2,373,191.00
31-Mar-22 63,519.00 2,427,012.00 162 63,780.00 2,436,971.00
30-Jun-22 65,226.00 2,492,238.00 165 65,494.00 2,502,465.00
30-Sep-22 66,979.00 2,559,217.00 168 67,254.00 2,569,719.00
31-Dec-22 68,779.00 2,627,996.00 171 69,061.00 2,638,780.00
31-Mar-23 70,627.00 2,698,623.00 174 70,917.00 2,709,697.00
30-Jun-23 72,525.00 2,771,148.00 177 72,823.00 2,782,520.00
30-Sep-23 74,475.00 2,845,623.00 180 74,780.00 2,857,300.00
31-Dec-23 76,476.00 2,922,099.00 183 76,790.00 2,934,090.00
31-Mar-24 78,531.00 3,000,630.00 186 78,854.00 3,012,944.00
30-Jun-24 80,642.00 3,081,272.00 189 80,973.00 3,093,917.00
30-Sep-24 82,809.00 3,164,081.00 192 83,149.00 3,177,066.00
31-Dec-24 85,035.00 3,249,116.00 195 85,384.00 3,262,450.00
31-Mar-25 87,320.00 3,336,436.00 198 87,678.00 3,350,128.00
30-Jun-25 89,667.00 3,426,103.00 201 90,035.00 3,440,163.00
30-Sep-25 92,077.00 3,518,180.00 204 92,454.00 3,532,617.00
31-Dec-25 94,551.00 3,612,731.00 207 94,939.00 3,627,556.00
31-Mar-26 97,092.00 3,709,823.00 210 97,491.00 3,725,047.00
30-Jun-26 99,701.00 3,809,524.00 213 100,111.00 3,825,158.00
30-Sep-26 102,381.00 3,911,905.00 216 102,801.00 3,927,959.00
31-Dec-26 105,132.00 4,017,037.00 219 105,564.00 4,033,523.00
31-Mar-27 107,958.00 4,124,995.00 222 108,401.00 4,141,924.00
30-Jun-27 110,859.00 4,235,854.00 225 111,314.00 4,253,238.00
30-Sep-27 113,839.00 4,349,693.00 228 114,306.00 4,367,544.00
31-Dec-27 116,898.00 4,466,591.00 231 117,378.00 4,484,922.00
31-Mar-28 120,040.00 4,586,631.00 234 120,532.00 4,605,454.00
30-Jun-28 123,266.00 4,709,897.00 237 123,772.00 4,729,226.00
30-Sep-28 126,578.00 4,836,475.00 240 127,098.00 4,856,324.00
31-Dec-28 129,980.00 4,966,455.00 243 130,514.00 4,986,838.00
31-Mar-29 133,473.00 5,099,928.00 246 134,021.00 5,120,859.00
30-Jun-29 137,061.00 5,236,989.00 249 137,623.00 5,258,482.00
30-Sep-29 140,744.00 5,377,733.00 252 141,322.00 5,399,804.00
31-Dec-29 144,527.00 5,522,260.00 255 145,120.00 5,544,924.00
31-Mar-30 148,411.00 5,670,671.00 258 149,020.00 5,693,944.00
30-Jun-30 152,399.00 5,823,070.00 261 153,025.00 5,846,969.00
30-Sep-30 156,495.00 5,979,565.00 264 157,137.00 6,004,106.00
31-Dec-30 160,701.00 6,140,266.00 267 161,360.00 6,165,466.00
31-Mar-31 165,020.00 6,305,286.00 270 165,697.00 6,331,163.00
30-Jun-31 169,455.00 6,474,741.00 273 170,150.00 6,501,313.00
30-Sep-31 174,009.00 6,648,750.00 276 174,723.00 6,676,036.00
31-Dec-31 178,685.00 6,827,435.00 279 179,418.00 6,855,454.00
31-Mar-32 183,487.00 7,010,922.00 282 184,240.00 7,039,694.00
30-Jun-32 188,419.00 7,199,341.00 285 189,192.00 7,228,886.00
30-Sep-32 193,482.00 7,392,823.00 288 194,276.00 7,423,162.00
31-Dec-32 198,682.00 7,591,505.00 291 199,497.00 7,622,659.00
31-Mar-33 204,022.00 7,795,527.00 294 204,859.00 7,827,518.00
30-Jun-33 209,505.00 8,005,032.00 297 210,365.00 8,037,883.00
30-Sep-33 215,135.00 8,220,167.00 300 216,018.00 8,253,901.00
31-Dec-33 220,917.00 8,441,084.00 303 221,824.00 8,475,725.00
31-Mar-34 226,854.00 8,667,938.00 306 227,785.00 8,703,510.00
30-Jun-34 232,951.00 8,900,889.00 309 233,907.00 8,937,417.00
30-Sep-34 239,211.00 9,140,100.00 312 240,193.00 9,177,610.00
31-Dec-34 245,640.00 9,385,740.00 315 246,648.00 9,424,258.00
31-Mar-35 252,242.00 9,637,982.00 318 253,277.00 9,677,535.00
30-Jun-35 259,021.00 9,897,003.00 321 260,084.00 9,937,619.00
30-Sep-35 265,982.00 10,162,985.00 324 267,074.00 10,204,693.00
31-Dec-35 273,130.00 10,436,115.00 327 274,251.00 10,478,944.00
31-Mar-36 280,471.00 10,716,586.00 330 281,622.00 10,760,566.00
30-Jun-36 288,008.00 11,004,594.00 333 289,190.00 11,049,756.00
30-Sep-36 295,748.00 11,300,342.00 336 296,962.00 11,346,718.00
31-Dec-36 303,697.00 11,604,039.00 339 304,943.00 11,651,661.00
31-Mar-37 311,859.00 11,915,898.00 342 313,138.00 11,964,799.00
30-Jun-37 320,240.00 12,236,138.00 345 321,554.00 12,286,353.00
30-Sep-37 328,846.00 12,564,984.00 348 330,196.00 12,616,549.00
31-Dec-37 337,684.00 12,902,668.00 351 339,070.00 12,955,619.00
31-Mar-38 346,759.00 13,249,427.00 354 348,182.00 13,303,801.00
30-Jun-38 356,078.00 13,605,505.00 357 357,540.00 13,661,341.00
30-Sep-38 365,648.00 13,971,153.00 360 367,149.00 14,028,490.00
31-Dec-38 375,475.00 14,346,628.00

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