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PPF NSC (General) : Year Year Opening Bal Amount Deposited Interest Earn Closing Balance Opening Bal

The document compares the growth of investments in a Public Provident Fund (PPF) and National Savings Certificate (NSC) over 15 and 5 years respectively with annual deposits of Rs. 12,000 and Rs. 100 and interest rates of 8.7% and 8.5%. The PPF grows to Rs. 3,74,073 over 15 years. The NSC compounded annually grows to Rs. 150.37 over 5 years, while the NSC compounded every 6 months grows to Rs. 151.62 over the same period.

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Sovan Pramanick
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57 views

PPF NSC (General) : Year Year Opening Bal Amount Deposited Interest Earn Closing Balance Opening Bal

The document compares the growth of investments in a Public Provident Fund (PPF) and National Savings Certificate (NSC) over 15 and 5 years respectively with annual deposits of Rs. 12,000 and Rs. 100 and interest rates of 8.7% and 8.5%. The PPF grows to Rs. 3,74,073 over 15 years. The NSC compounded annually grows to Rs. 150.37 over 5 years, while the NSC compounded every 6 months grows to Rs. 151.62 over the same period.

Uploaded by

Sovan Pramanick
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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PPF NSC (General)

Deposit Amount = 12000 per year Deposit Amount =


Rate = 8.7 % Rate =

Opening Amount Interest Closing Opening


Year Year
Bal Deposited Earn Balance Bal

1 0 12000 1044 13044 1 0


2 13044 12000 2179 27223 2 13020
3 27223 12000 3412 42635 3 14127
4 42635 12000 4753 59388 4 15327
5 59388 12000 6211 77599 5 16630
6 77599 12000 7795 97394 6 18044
7 97394 12000 9517 118912 7 19578
8 118912 12000 11389 142301 8 21242
9 142301 12000 13424 167725 9 23047
10 167725 12000 15636 195361 10 25006
11 195361 12000 18040 225402 11 27132
12 225402 12000 20654 258056 12 29438
13 258056 12000 23495 293551 13 31940
14 293551 12000 26583 332133 14 34655
15 332133 12000 29940 374073 15 37601
Total 374073
General) NSC 5 years compounded 6months
12000 per year Deposit Amount = 100 per year
8.5 % Rate = 8.5 %
Amount
Amount Interest Closing Opening Interest Closing
Year Deposite
Deposited Earn Balance Bal Earn Balance
d
12000 1020 13020 0.5 0 100 4.25 104
0 1106.7 14127 1.00 104 0 4.430625 109
0 1200.77 15327 1.50 109 0 4.618927 113
0 1302.835 16630 2.00 113 0 4.815231 118
0 1413.576 18044 2.50 118 0 5.019878 123
0 1533.73 19578 3.00 123 0 5.233223 128
0 1664.097 21242 3.50 128 0 5.455635 134
0 1805.545 23047 4.00 134 0 5.6875 140
0 1959.016 25006 4.50 140 0 5.929218 145
0 2125.533 27132 5.00 145 0 6.18121 151.62
0 2306.203 29438 Total 151.62
0 2502.23 31940
0 2714.92 34655
0 2945.688 37601
0 3196.072 40797
Total 367584
ded 6months NSC 5 years compounded 1 year
Deposit Amount = 100 per year
Rate = 8.5 %
Amount
Opening Interest Closing
Year Deposite
Bal Earn Balance
d
1 0 100 8.5 109
2 109 0 9.2225 118
3 118 0 10.00641 128
4 128 0 10.85696 139
5 139 0 11.7798 150.37
Total 150.37

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