Homework Answers
| Month | Deposit | Interest Rate | Cumulative | Balance on |
| 30th June 2014 | 100.00 | 1.006045 | 100.60 | |
| Jul-14 | 200.60 | 1.006045 | 201.82 | |
| Aug-14 | 301.82 | 1.006045 | 303.64 | |
| Sep-14 | 403.64 | 1.006045 | 406.08 | |
| Oct-14 | 506.08 | 1.006045 | 509.14 | |
| Nov-14 | 609.14 | 1.006045 | 612.82 | |
| Dec-14 | 712.82 | 1.006045 | 717.13 | 1st Jan 2015 |
| Jan-15 | 817.13 | 1.006045 | 822.07 | |
| Feb-15 | 922.07 | 1.006045 | 927.65 | |
| Mar-15 | 1,027.65 | 1.006045 | 1,033.86 | |
| Apr-15 | 1,133.86 | 1.006045 | 1,140.71 | |
| May-15 | 1,240.71 | 1.006045 | 1,248.21 | |
| Jun-15 | 1,348.21 | 1.006045 | 1,356.36 | |
| Jul-15 | 1,456.36 | 1.006045 | 1,465.16 | |
| Aug-15 | 1,565.16 | 1.006045 | 1,574.63 | |
| Sep-15 | 1,674.63 | 1.006045 | 1,684.75 | |
| Oct-15 | 1,784.75 | 1.006045 | 1,795.54 | |
| Nov-15 | 1,895.54 | 1.006045 | 1,907.00 | |
| Dec-15 | 2,007.00 | 1.006045 | 2,019.13 | 1st Jan 2016 |
| Jan-16 | 2,119.13 | 1.00083 | 2,120.89 | |
| Feb-16 | 2,220.89 | 1.00083 | 2,222.73 | |
| Mar-16 | 2,322.73 | 1.00083 | 2,324.66 | |
| Apr-16 | 2,424.66 | 1.00083 | 2,426.67 | |
| May-16 | 2,526.67 | 1.00083 | 2,528.76 | |
| Jun-16 | 2,628.76 | 1.00083 | 2,630.94 | |
| Jul-16 | 2,730.94 | 1.00083 | 2,733.21 | |
| Aug-16 | 2,833.21 | 1.00083 | 2,835.56 | |
| Sep-16 | 2,935.56 | 1.00083 | 2,937.99 | |
| Oct-16 | 3,037.99 | 1.00083 | 3,040.51 | |
| Nov-16 | 3,140.51 | 1.00083 | 3,143.12 | |
| Dec-16 | 3,243.12 | 1.00083 | 3,245.81 | |
| Jan-17 | 3,345.81 | 1.00083 | 3,348.59 | 1st Feb 2017 |
| Feb-17 | 3,448.59 | 1.00083 | 3,451.45 | 2.86 |
To calculate compounding interest rate the formula is 100*(1+i)^n
i is interest Rate , 100 is intial amount and n is number of investment period.
From 16th Jan onwards the anunual interest changed to 12% earlier it was 9% there is 33 month total so Total investment amount is 33 * 100 which is 3300 and total compounting interest account balance is 3451.45 that means the total accumulated interest upto feb 2017 is 151.45 Rs.
Thanks Raju M Jose
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