Simple Solution to calculate fixed deposit interest rate

Fixed Deposits are one of the best investment options available today if you are willing to take no risk. The best part of this investment option is that you get a guaranteed return on the money for a fixed period. But before you invest your hard-earned money into this investment option, you should always be aware of it. For this purpose, you can use FD calculator which you can use to calculate the interest on your deposits over a period of time. Though you can calculate that manually, it would be much easier. While calculating you need to put some money in your account, you can not pay for it. The formula used for calculating maturity on your returns is:

 A = P * (1+ r / n) * t ^ n
I = A - P Where,
A stands for Maturity value
P stands for Major amount
r stands for rate of interest
t stands for Number of years
n stands for Compounded interest frequency
I stands for Interest
There are several benefits that you can have while calculating your budget amount using an FD calculator:
1) It will become easy to calculate the interest earned on your deposit
2) The chances of errors will be less
3) It will save your time and will give you error-free calculation in minutes
Continue reading: The easiest way to calculate the rate of interest

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