FD calculator

Enter Detail to Calculate FD

FD Definition

If you deposit a specific amount for a fixed period in a Bank, this type of deposit called Fixed Deposit. Bank gives good interest on FD.

FD Formula

A = P x (1 + r/n)nt
I = A - P

Where,
A = Maturity Value (Principle + interest)
P = Principal zAmount
r = Rate of Interest
t = Number of Period
n = Compounded Interest Frequency
I = Interest Earned Amount

Bank could be compound interest yearly, half-yearly or quarterly.

Note :

if Compounded annually, then n = 1
if Compounded half-yearly, then n = 2
if Compounded quarterly, then n = 4
if Compounded monthly, then n = 12

FD Example :

if A deposite $5000 for 5 years and paying an annual interest rate is 8%, compounded annualy.

we have:
P = 5000
r = 8% = 8/100 = 0.08
t = 5
n = 1

As per formula :
A = P x (1 + r/n)nt

a= 5000 x (1 + 0.08/1)1x5

Maturity Value(A) = 7346

Interest = A-P

7346-5000 = 2346