FD Calculator-How to a use Fixed Deposit Calculator
How to calculate FD?
- A fixed deposit (FD) is a type of term investment offered by several banks and NBFCs. …
- There are two types of FD that you may avail of – simple interest FD and compound interest FD. …
- M = P + (P x r x t/100), where –
- For example, if you deposit a sum of Rs. …
- M= Rs. …
- = Rs. …
- M= P + P {(1 + i/100) t – 1}, where –
