Fixed Deposit Calculator

FD Calculator: Calculate the fixed deposit interest and maturity amount online.

How can an FD calculator help you?

An FD (Fixed Deposit) calculator is a useful online tool that helps individuals quickly and accurately determine the maturity amount and interest earned on their fixed deposits. By inputting key details such as the principal amount, tenure, and applicable interest rate, the FD calculator provides an instant calculation of the maturity value. This helps individuals plan their investments and assess the returns they can expect at the end of the deposit tenure.

Formula to Determine FD Maturity Amount

The formula to calculate the maturity amount of a Fixed Deposit is as follows:

\( A = P \times \left(1 + \frac{r}{n}\right)^{nt} \)

Where:

• A is the maturity amount (future value of the investment, including interest).
• P is the principal amount (the initial amount you deposit).
• r is the annual interest rate (decimal).
• n is the number of times that interest is compounded per unit t (usually per year).
• t is the time the money is invested for in years.

It’s important to note that the formula assumes compound interest, which means the interest earned is added to the principal at regular intervals. The FD calculator simplifies this calculation, providing a convenient way to obtain accurate results without manual computations.

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