Fixed Deposit Calculator

Deposit Growth

A fixed deposit grows a lump sum at a stated interest rate for a fixed tenure.

Formula: maturity = P x (1 + r/n)^(n x t).

Understanding Fixed Deposits

1. What This Calculator Measures

A fixed deposit grows a lump sum at a stated rate for a set period.

2. How the Calculation Works

The calculator compounds the deposit using the selected frequency and subtracts principal to show interest earned.

3. Formula or Rule Used

maturity = P x (1 + r/n)^(n x t).

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