### About Fixed Deposite Interest Calculator

A fixed deposit (FD) calculator is a tool used to estimate the maturity amount and interest earned on a fixed deposit account.

A fixed deposit is a type of savings account where the depositor agrees to keep a set amount of money on deposit for a specified period of time, typically ranging from a few months to several years.

The fixed deposit calculator typically requires inputs such as the deposit amount, the interest rate, and the length of time the money will be on deposit. The calculator then uses this information to estimate the maturity amount and interest earned on the fixed deposit account at the end of the specified period.

The fixed deposit calculator can be a useful tool for individuals to estimate their potential returns from a fixed deposit investment and plan their finances accordingly.

### Fixed Deposite Interest Calculation

Formula for Fixed Deposite Interest Calculation:

A = P [( 1+ I/N )^NT - 1]

Where,

A: Total accrued amount (Both principal and the interest,

P: Principal or total loan amount,

I: Nominal Rate of Interest

N: Compounding Frequency or number of compounding periods in a year. (fd calculte quterly : 4)

T: Time, meaning the length of time the interest is applicable, generally in years. (year * 4)

Formula for Simple Interest Calculation:

Interest = (P * R)/100 * T

A = P + Interest

Where,

P: Principal or total loan amount,

R: Rate of interest

T: Number of years

A: Total accrued amount (Both principal and the interest)