How to calculate compound interest for an intra-year period in Excel

For example, if you invest Rs 50,000 with an annual interest rate of 10% for 5 years, the returns for the first year will be 50,000 x 10100 or Rs 5,000 For

Compound interest is interest that is calculated on the principal amount *together with* accumulated interest---it includes interest on

formula1688 We can find the value of the investment after the five years by calculating what the investment will earn at a 3% interest rate if compounded

compound interest formula Compound Interest Formula t = number of years the amount is deposited or borrowed for A = amount of money accumulated after n years, including interest