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how to calculate simple interest on fixed deposit. This Fixed Deposit Calculator FD Calculator tells you the Maturity Value of your invesment Principal when compounding of interest is done on a Monthly Quarterly. If you want to calculate just the interest then you may do so in a simple step as stated below.
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Simple interest is the kind of interest that can be earned on an investment at the pre-decided rate of interest for a particular period of the time. This Fixed Deposit Calculator FD Calculator tells you the Maturity Value of your invesment Principal when compounding of interest is done on a Monthly Quarterly. The fixed deposit calculator for simple interest FD uses the following formula M P P x r x t100 where P is the principal amount that you deposit r is the rate of interest per annum.
The following is the formula for calculating fixed deposit with no compounding.
Simple Interest Formula Simple interest is a method of calculating the interest that is charged on fixed deposits savings accounts and loans. The fixed deposit calculator for simple interest FD uses the following formula M P P x r x t100 where P is the principal amount that you deposit r is the rate of interest per annum. It uses the deposit amount FD interest rate and tenure of the fixed deposit to calculate the maturity amount. Then Use this simple FD interest calculator to calculate the potential amount of interest earned for the amount placed.
