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  1. Thread Author  Thread Author    #1  

    Default Fixed Deposit Calculator

    Calculate the total amount and the interest earned after a particular period.

    Link :
  2. #2  
    Dark Penguin's Avatar

    259 Posts
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    263 Global Posts
    HYdroROM 1.1.0

    Default Re: Fixed Deposit Calculator

    Why wouldn't someone just use the calculator, like so?

    M = D * (1+p)t

    where M is the amount at maturity, D is the initial deposit, p is the percentage rate, and t is the term expressed in the same time units as the interest rate (usually by years, obviously).

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