Want to use the Fixed Deposit Calculator in Nepal for free? Calculate Fixed Deposit (FD) Grand Total and Interest rates on annual, semi-annual, quarterly, monthly, and daily basis.
Compound interest on a fixed deposit is the interest that is earned on the principal
amount, plus the interest that is earned on the interest that has accumulated.
The compound interest formula is as follows:
TA: Total Amount including Interest
p: Principal Amount
r: Rate of interest
n: Number of times the interest is compounded per year
t: Time period
A fixed deposit is a lump sum of money that you deposit with a financial institution for
a set period of time, during which you will earn interest at a fixed rate. Many banks
and credit unions offer fixed deposit accounts, also known as term deposits.
Fixed deposits are a great way to save money because they offer a higher interest rate than a regular savings account, and they are a safe investment because your money is guaranteed.
For Fixed Deposit, you need to use the following formula.
The formula is as follow: TA = p(1 + r/n)^nt
If someone invests Rs. 100000 at a 10% interest rate, and the interest is compounded annually, the future value of the investment after 5 years would be Rs. 1,61,051.
Principal: Rs. 100000
Tenure: Annual (1)
Time: 5 years
Grand Total: Rs. 1,61,051
You can calculate Fixed Deposit Calculator by simply entering Total Deposit Amount, the fixed interest rate, time in months, tenure (daily, monthly, quarterly, semi-annually, annually) and hit Calculate Button. After that you can see Grand Total Amount and also Total Interest.