How much amount is required to be invested every year so as to accumulate ₹300000 at the end of 10 years if interest is compounded

To calculate how much amount needs to be invested every year to accumulate ₹300,000 at the end of 10 years with compound interest, we can use the formula for the future value of a series of regular investments in compound interest, which is:

\[
FV = P \times \left( \frac{(1 + r)^n - 1}{r} \right)
\]

Where:
- \( FV \) is the future value (₹300,000 in this case)
- \( P \) is the annual investment (what we need to calculate)
- \( r \) is the annual interest rate (in decimal form)
- \( n \) is the number of years (10 years)

If you provide the interest rate, I can proceed with solving for \( P \), the annual investment. Could you provide the interest rate you are using?

Would you like more details, or have any other questions on this topic? Here are some related questions:

1. How does changing the interest rate affect the required annual investment?
2. What if the interest was compounded monthly instead of annually?
3. How does the investment change if the future value needs to be achieved in 5 years?
4. What is the difference between simple and compound interest in such scenarios?
5. How much interest would be earned by the end of 10 years with this plan?

**Tip**: Compound interest significantly increases your savings over time, so starting early with consistent investments can greatly benefit long-term financial goals.

How much amount is required to be invested every year so as to accumulate ₹300000 at the end of 10 years if interest is compounded?

Find out how much to invest annually to accumulate ₹300,000 in 10 years with compound interest. Learn about the future value formula and how compound interest affects your savings. Suitable for students and financial planners.

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