How To Invest Your Money Using an Online FD Calculator?
When you invest your money in a fixed deposit, you know the interest rate you will get against the tenor you have selected. You have to wait for the FD advice or receipt to find out how much amount interest will accrue and what amount you will get at the maturity. By then, there is no turning back if you need to change your decision. The only way out is premature withdrawal by paying a penalty fee or closure of the Fixed Deposit. However, you can avoid this situation by calculating the returns before investing. Now, there are two ways to do this - mathematical formula and online FD rate calculator. The general mathematical formula for calculating interest on any fixed deposit is: A = P (1 + r/n) ^ (nt) Here, A is Maturity AmountP is Deposit Amountr is Rate of Interestn is C...