Most people thinks gold as best investment in India. They buy and save gold as investment. It is fit for investor, who can invest at least 30,000 rupees at one shot to buy gold. who is not averse on return. it is not fit for investor who wants to invest 500 rupees monthly. it is accessible to all and it ...
Compound interest or compounding means the interest earned added to basic principal, the interest that keeps getting added to it. It essentially means reinvesting the earnings you get from your initial invested amount instead of withdrawing the interest immediately. let’s say, you have invested Rs. 10000. Suppose you’re getting 12% interest for a year. If you invest on January 1, ...