Formula: A = P (1 + r/n)nt
Where:
A = Maturity Amount
P = Principal
r = Annual Rate of Interest
n = Compounding frequency/year
t = Time in years
Fixed Deposits (FDs) are a popular investment option that offer guaranteed returns over a fixed period. The maturity amount is calculated based on the principal amount, interest rate, time period, and compounding frequency.
FDs are considered low-risk investments and are ideal for conservative investors looking for stable returns. They are offered by banks and financial institutions, and the interest rates vary based on the tenure and amount deposited.
FDs can be a part of your overall financial strategy, providing a safe haven for your funds while earning interest. They are suitable for short to medium-term financial goals and can help in wealth accumulation over time.
For more financial tools, visit our Interestartical website.
Disclaimer: The results provided by this calculator are estimates and may vary based on actual bank rates and terms. Always consult with your financial advisor before making investment decisions.
Fixed Deposits are a secure way to grow your savings with guaranteed returns. This calculator helps you estimate the maturity amount and interest earned on your FD investments, making it easier to plan your financial future.
For more financial calculators and tools, visit our Interestartical website.