Simple Interest VS Compound Interest

Principal = Rs.100000/-
Interest= 24% per annum

Simple Interest Compound Interest

Difference in
Opening Interest @ Closing Interest Opening Interest @
S.No Principal Paid S.No Principal Paid Closing Balance
Balance 24%p.a Balance Balance 24%p.a
1 100,000 100,000 24,000 124,000 - 1 100,000 100,000 24,000 124,000
2 124,000 100,000 24,000 148,000 5,760 2 124,000 29,760 153,760
3 148,000 100,000 24,000 172,000 12,902 3 153,760 36,902 190,662
4 172,000 100,000 24,000 196,000 21,759 4 190,662 45,759 236,421
5 196,000 100,000 24,000 220,000 32,741 5 236,421 56,741 293,163
6 220,000 100,000 24,000 244,000 46,359 6 293,163 70,359 363,522
7 244,000 100,000 24,000 268,000 63,245 7 363,522 87,245 450,767
8 268,000 100,000 24,000 292,000 84,184 8 450,767 108,184 558,951
9 292,000 100,000 24,000 316,000 110,148 9 558,951 134,148 693,099
10 316,000 100,000 24,000 340,000 142,344 10 693,099 166,344 859,443
11 340,000 100,000 24,000 364,000 182,266 11 859,443 206,266 1,065,709
12 364,000 100,000 24,000 388,000 231,770 12 1,065,709 255,770 1,321,479
13 388,000 100,000 24,000 412,000 293,155 13 1,321,479 317,155 1,638,634
14 412,000 100,000 24,000 436,000 369,272 14 1,638,634 393,272 2,031,906
15 436,000 100,000 24,000 460,000 463,657 15 2,031,906 487,657 2,519,563
16 460,000 100,000 24,000 484,000 580,695 16 2,519,563 604,695 3,124,259
17 484,000 100,000 24,000 508,000 725,822 17 3,124,259 749,822 3,874,081
18 508,000 100,000 24,000 532,000 905,779 18 3,874,081 929,779 4,803,860
19 532,000 100,000 24,000 556,000 1,128,926 19 4,803,860 1,152,926 5,956,786
20 556,000 100,000 24,000 580,000 1,405,629 20 5,956,786 1,429,629 7,386,415
21 580,000 100,000 24,000 604,000 1,748,740 21 7,386,415 1,772,740 9,159,155
22 604,000 100,000 24,000 628,000 2,174,197 22 9,159,155 2,198,197 11,357,352
23 628,000 100,000 24,000 652,000 2,701,764 23 11,357,352 2,725,764 14,083,116
24 652,000 100,000 24,000 676,000 3,355,948 24 14,083,116 3,379,948 17,463,064
25 676,000 100,000 24,000 700,000 4,167,135 25 17,463,064 4,191,135 21,654,199
26 700,000 100,000 24,000 724,000 5,173,008 26 21,654,199 5,197,008 26,851,207
27 724,000 100,000 24,000 748,000 6,420,290 27 26,851,207 6,444,290 33,295,497
28 748,000 100,000 24,000 772,000 7,966,919 28 33,295,497 7,990,919 41,286,416
29 772,000 100,000 24,000 796,000 9,884,740 29 41,286,416 9,908,740 51,195,156
30 796,000 100,000 24,000 820,000 12,262,837 30 51,195,156 12,286,837 63,481,993
31 820,000 100,000 24,000 844,000 15,211,678 31 63,481,993 15,235,678 78,717,672
32 844,000 100,000 24,000 868,000 18,868,241 32 78,717,672 18,892,241 97,609,913
33 868,000 100,000 24,000 892,000 23,402,379 33 97,609,913 23,426,379 121,036,292
34 892,000 100,000 24,000 916,000 29,024,710 34 121,036,292 29,048,710 150,085,002
35 916,000 100,000 24,000 940,000 35,996,400 35 150,085,002 36,020,400 186,105,403
36 940,000 100,000 24,000 964,000 44,641,297 36 186,105,403 44,665,297 230,770,699
37 964,000 100,000 24,000 988,000 55,360,968 37 230,770,699 55,384,968 286,155,667
38 988,000 100,000 24,000 1,012,000 68,653,360 38 286,155,667 68,677,360 354,833,027
39 1,012,000 100,000 24,000 1,036,000 85,135,926 39 354,833,027 85,159,926 439,992,954
40 1,036,000 100,000 24,000 1,060,000 105,574,309 40 439,992,954 105,598,309 545,591,262
41 1,060,000 100,000 24,000 1,084,000 130,917,903 41 545,591,262 130,941,903 676,533,165
42 1,084,000 100,000 24,000 1,108,000 162,343,960 42 676,533,165 162,367,960 838,901,125
43 1,108,000 100,000 24,000 1,132,000 201,312,270 43 838,901,125 201,336,270 1,040,237,395
44 1,132,000 100,000 24,000 1,156,000 249,632,975 44 1,040,237,395 249,656,975 1,289,894,370
45 1,156,000 100,000 24,000 1,180,000 309,550,649 45 1,289,894,370 309,574,649 1,599,469,019
46 1,180,000 100,000 24,000 1,204,000 383,848,564 46 1,599,469,019 383,872,564 1,983,341,583
47 1,204,000 100,000 24,000 1,228,000 475,977,980 47 1,983,341,583 476,001,980 2,459,343,563
48 1,228,000 100,000 24,000 1,252,000 590,218,455 48 2,459,343,563 590,242,455 3,049,586,018
49 1,252,000 100,000 24,000 1,276,000 731,876,644 49 3,049,586,018 731,900,644 3,781,486,662
50 1,276,000 100,000 24,000 1,300,000 907,532,799 50 3,781,486,662 907,556,799 4,689,043,461
51 1,300,000 100,000 24,000 1,324,000 1,125,346,431 51 4,689,043,461 1,125,370,431 5,814,413,892
52 1,324,000 100,000 24,000 1,348,000 1,395,435,334 52 5,814,413,892 1,395,459,334 7,209,873,226
53 1,348,000 100,000 24,000 1,372,000 1,730,345,574 53 7,209,873,226 1,730,369,574 8,940,242,801
Total 100,000 1,272,000 - 1,372,000 8,938,870,801 Total 100,000 8,940,142,801 - 8,940,242,801