How much amount I have to invest in bank FD with 5.50 % interest so that per month i should earn at least 30,000 ?
Answer (1)
5th Feb, 2021
Hello,
To get the interest of atleast INR 30,000 per month you need to invest the amount of atleast Rs. 65,45,455 in fixed deposit of bank. For your clarification I would like to tell you how this amount is calculated, so it is calculated as follows:
(30,000*12*1000)/55 = 6545454.55
Hope it helps.
Good Luck!
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