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Fixed Deposit Calculator
Calculate the fixed deposit interest and maturity amount.
Fixed Deposit Calculator
About Fixed Deposit Calculator
The Fixed Deposit Calculator is used to calculate the fixed deposit interest and maturity amount.
What is Fixed Deposit
A fixed deposit (usually abbreviated as FD), offered by both banks and companies, is a fixed sum of money that is held in a savings account for a set period of time, thereby earning you a fixed rate of interest in return. Interest can be paid monthly, quarterly, half-yearly or yearly. It is a great way to earn more interest on your savings than a regular savings account.
Calculating Fixed Deposit
The following is the formula for calculating fixed deposit with no compounding:
A = P(1 + rt)
Where:
A = final amount
P = deposit amount (initial investment)
r = annual nominal interest rate
t = number of years
The following is the formula for calculating fixed deposit with periodic compounding:
A = P × (1 + r/n)nt
Where:
A = final amount
P = deposit amount (initial investment)
r = annual nominal interest rate
t = number of years
n = number of compounding periods per year (for example, 12 for monthly compounding)
The following is the formula for calculating fixed deposit with continuous compounding:
A = P × ert
Where:
A = final amount
P = deposit amount (initial investment)
r = annual nominal interest rate
t = number of years
Reference this content, page, or tool as:
"Fixed Deposit Calculator" at https://MiniWebtool.com/fixed-deposit-calculator/ from MiniWebtool, https://MiniWebtool.com/