My capital is Rs. 1,56,92,142. If I earn 10% interest monthly, what will be my total amount after 1 year if I compound every month

Given that your capital is now ₹1,56,92,142 and the interest rate is 10% per month, we'll use the same compound interest formula as before:

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

Where:
- \(P = 1,56,92,142\)
- \(r = 10\% \times 12 = 120\% = 1.20\) annually (in decimal form)
- \(n = 12\) (compounded monthly)
- \(t = 1\) year

Let's calculate the total amount \(A\) after 1 year.After 1 year, with monthly compounding at a 10% interest rate per month, your total amount will be approximately ₹4,92,48,663.74.

Would you like further details on this calculation, or do you have any other questions?

Here are 5 related questions that might interest you:
1. How much total interest did you earn over the year with this new principal?
2. What if the interest rate was compounded daily instead of monthly?
3. What would be the total amount after 2 years with the same conditions?
4. How does this growth compare to simple interest over the same period?
5. How would changes in the interest rate affect the final amount?

**Tip:** When dealing with large sums, even a small change in the interest rate or compounding frequency can have a significant impact on the final amount.

Learn how to calculate the total amount after 1 year with ₹1,56,92,142 compounded monthly at a 10% interest rate per month. Understand compound interest formulas and exponential growth. Suitable for students in Grades 10-12.

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