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Fixed Deposit Formula

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Fixed Deposit is a financial instrument provided by banks or financial institutions where an investor deposits a sum of money for a fixed period at a fixed interest rate. Check FAQs

FD = PRT \cdot {(1 + \frac{R}{FIP})}^{np \cdot FIP}

FD - Fixed Deposit?PRT - Principal Amount?R - Rate of Interest per Annum?FIP - Frequency of Interest Paid?np - Number of Periods?

Fixed Deposit Example

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Here is how the Fixed Deposit equation looks like with Values.

Here is how the Fixed Deposit equation looks like with Units.

Here is how the Fixed Deposit equation looks like.

11929.8875 = 1530 \cdot {(1 + \frac{0.56}{3})}^{4 \cdot 3}

11929.8875 = 1530 \cdot {(1 + \frac{0.56}{3})}^{4 \cdot 3}

11929.8875 = 1530 \cdot {(1 + \frac{0.56}{3})}^{4 \cdot 3}

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Fixed Deposit Solution

Follow our step by step solution on how to calculate Fixed Deposit?

FIRST Step Consider the formula

FD = PRT \cdot {(1 + \frac{R}{FIP})}^{np \cdot FIP}

Next Step Substitute values of Variables

∴

FD = 1530 \cdot {(1 + \frac{0.56}{3})}^{4 \cdot 3}

Next Step Prepare to Evaluate

∴

FD = 1530 \cdot {(1 + \frac{0.56}{3})}^{4 \cdot 3}

Next Step Evaluate

∴

FD = 11929.8875441086

LAST Step Rounding Answer

∴

FD = 11929.8875

Fixed Deposit Formula Elements

Variables

Fixed Deposit

Fixed Deposit is a financial instrument provided by banks or financial institutions where an investor deposits a sum of money for a fixed period at a fixed interest rate.

Symbol: FD

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Fixed Deposit

Principal Amount

Principal Amount refers to the initial sum of money invested or borrowed, upon which interest is calculated.

Symbol: PRT

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Principal Amount

Rate of Interest per Annum

Rate of Interest per Annum refers to the annualized interest rate charged on a loan or investment over one year.

Symbol: R

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Rate of Interest per Annum

Frequency of Interest Paid

Frequency of Interest Paid refers to how often the interest on a savings or investment account is credited or paid out to the account holder.

Symbol: FIP

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Frequency of Interest Paid

Number of Periods

Number of Periods refers to the length of time over which one plans to save money for college expenses.

Symbol: np

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Number of Periods

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How to Evaluate Fixed Deposit?

Fixed Deposit evaluator uses Fixed Deposit = Principal Amount*(1+Rate of Interest per Annum/Frequency of Interest Paid)^(Number of Periods*Frequency of Interest Paid) to evaluate the Fixed Deposit, Fixed Deposit is a type of investment in which an individual invests a lump sum amount for a specific time with a bank. The amount deposited in the FD earns interest at a fixed rate which is set at the time of the account opening. Fixed Deposit is denoted by FD symbol.

How to evaluate Fixed Deposit using this online evaluator? To use this online evaluator for Fixed Deposit, enter Principal Amount (PRT), Rate of Interest per Annum (R), Frequency of Interest Paid (FIP) & Number of Periods (np) and hit the calculate button.

FAQs on Fixed Deposit

What is the formula to find Fixed Deposit?

The formula of Fixed Deposit is expressed as Fixed Deposit = Principal Amount*(1+Rate of Interest per Annum/Frequency of Interest Paid)^(Number of Periods*Frequency of Interest Paid). Here is an example- 11929.89 = 1530*(1+0.56/3)^(4*3).

How to calculate Fixed Deposit?

With Principal Amount (PRT), Rate of Interest per Annum (R), Frequency of Interest Paid (FIP) & Number of Periods (np) we can find Fixed Deposit using the formula - Fixed Deposit = Principal Amount*(1+Rate of Interest per Annum/Frequency of Interest Paid)^(Number of Periods*Frequency of Interest Paid).

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Fixed Deposit Formula

Fixed Deposit Example

Fixed Deposit Solution

Fixed Deposit Formula Elements

Other formulas in Investment Banking category

How to Evaluate Fixed Deposit?

FAQs on Fixed Deposit

Variable Name