Use our free FD Calculator to quickly determine the maturity amount and total interest earned on your Fixed Deposit investment. Easily plan your savings goals and understand the growth of your funds. Our Fixed Deposit Calculator supports various compounding frequencies for accurate results, helping you make informed financial decisions.
Formula:
Fixed Deposit (FD) Formula:
The maturity amount (A) for a Fixed Deposit is calculated using the compound interest formula:
A = P * (1 + r/n)nt
Where:
- A = Maturity Amount
- P = Principal Investment (Initial Deposit Amount)
- r = Annual Interest Rate (as a decimal, e.g., 7% = 0.07)
- n = Number of times interest is compounded per year (e.g., 1 for annually, 2 for semi-annually, 4 for quarterly, 12 for monthly)
- t = Investment Tenure in years
The total interest earned is then calculated as:
Interest Earned = A - P