I am amazed at the kind of people who are allowed to write articles on rediff.com....are there no reviews before just putting them on a website like this for people to read? Somebody just putting in complete trash like this article. People who write these have absolutely no idea about finance and money and are misleading others too.....
If you put 5000 @ 8% per annum compounded annually and keep adding 1000 every year, your investment does NOT "double" in 3 years, STUPID!.....you have actually invested 5000+3*1000=8000 rupees..a better way to double is put 5000 in year 1 and put another 5000 in year 2...you will have doubled in 2 years itself....
I AM SO DISGUSTED....Rediff.com seems to be the worst site in the world...complete GARBAGE.......
