#bank

58 Views

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 ?

Rahul bhatnagar 5th Feb, 2021

Answer (1)

Neha Kanwar 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!

Share

Facebook Copy Link

More

Comments (0)

Related Questions

How much amount I have to invest in bank FD with 5.50 % interest so that per month i should earn at least 40,000 ?

65 Views

a person diposited a rupees of 2500 in a bank in 1st january and withdrawn rupees of 1000 from the bank at the end of 9 months. if the rate of interest is 4% per annum then the total interest payable to him at the end of the year is?

1316 Views

All are know that is andhra bank and union bank is combined. l have account in andhra bank. In my college sir asked IFSC code of bank. So i should give andhra IFSC Or union IFSC. I didnt understand. please answer

81 Views

is investment is safe and secure .In which company or bank we have to invest and also tell about demat account

30 Views

i want to become pilot but i cant even ride a bicycle. i also want to become herione, model or miss india but my height is not sufficient.i want to give bank exams but dont know that i will be able to do that job or not coz i have 0 interest in accounts uff so much confusion..im already 20.

62 Views

Link Copied

The question have been saved in answer later, you can access it from your profile anytime. Access now

Thanks! Your report is submitted, the author will be informed about it

Download Careers360 App

All this at the convenience of your phone

Regular Exam Updates
Best College Recommendations
College & Rank predictors
Detailed Books and Sample Papers
Question and Answers