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# F.y.b.com what will be the simple interest on Rs.25000/- for 5 years at 9% p.a. ?

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### Anonymous

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I do not know why you are asking it is a simple (25000*5*9)/100 hope this will help.

Posted on Sep 27, 2007

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### Fixed Deposit for Investment

As per my understanding, you have Rs. 20 lakhs, out of which you want to invest Rs. 70K in fixed deposit. In such situation, you may be concerned whether you will be taxed or not.

Let me assure you that you may not come under the bridge of TDS as the earned interest will not be high.
TDS is deducted from the interest of an FD, if the earned interest exceeds the limit of Rs. 10K in one year. But, your principal amount is Rs. 70K, which you may invest at an interest rate of 7.80%. This will turn out to be Rs. 75K at the end of one year. So, an earning of Rs. 5K will not be taxed.

Even if, you get a higher rate of interest on fixed deposit, fortunately, you will still remain under the TDS bracket. So, you can easily proceed with your investment plan.
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### Simple interest

Using fixed simple interest:
start with \$1,500. Every year you get \$75 in interest.
so after 3 years you have \$1,500 + \$225 = \$1,725.00

Compound interest:
If you use/want compound interest you gain 5% of the new amount every year. So start with \$1,500
Year 1: \$1,500 + \$75 = \$1,575
Year 2: \$1,575 + \$78.75 = \$1,653.75
Year 3: \$1,653.75 + \$82.6875 = \$1736.4375
So final sum is \$1736.4375.
However banks usually round down so \$1736.43
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