How to calculate Fixed Deposit (FD) maturity amount?

Hi.

You can use websites like these Compound Interest Calculator | Investor.gov

Where you can input all the values, and your approximate return will be calculated.

I hope this will do the job.

1 Like

Determining the interest manually can be slow and inclined to blunders. Here is the equation for build interest, including the principal sum:

A = P (1 + r/n) ^ (nt)

Where, A = Maturity sum, including interest

P = the principal sum

r = the yearly interest rate (decimal)

n = the number of times that interest is accumulated per unit t

t = the tenure of the speculation