FD Calculator-How to a use Fixed Deposit Calculator

FD Calculator-How to a use Fixed Deposit Calculator

 

 

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

 

 

 

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