My capital is Rs. **15,45,63,405**. If I earn 10% interest every month, what will be my capital after 1 year if I compound every month

To calculate your capital after 1 year with a 10% monthly interest rate, compounded monthly, we'll use the compound interest formula again:

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

Where:
- \( P = 15,45,63,405 \) (initial capital in Rs)
- \( r = 0.10 \times 12 = 1.2 \) (annual interest rate)
- \( n = 12 \) (compounded monthly)
- \( t = 1 \) year

Let's calculate the final amount \( A \).After 1 year, with a 10% monthly interest rate compounded monthly, your capital will be approximately **Rs. 48,50,86,176**.

Would you like more details or have any questions about this calculation?

Here are some related questions:
1. What would your capital be after 6 months with this new capital amount?
2. How much interest would you earn in the first month alone?
3. What would be the total interest earned after 1 year?
4. How would your capital change if the interest rate was compounded daily instead of monthly?
5. What would be your capital after 2 years under the same conditions?

**Tip**: The power of compounding is significant, especially with high monthly interest rates. It's essential to understand how it scales over time.

Calculate your capital after 1 year with a 10% monthly interest rate compounded monthly. Starting with Rs. 15,45,63,405, find out how your investment grows over time using the compound interest formula. Learn the significance of compounding and its impact on your financial growth.

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