Saturday 29 January 2011

Maturity amount calculation for fixed deposit

Maturity amount calculation for fixed deposit where interest is compounded quarterly:

Maturity amount = Principal * ( 1 + (Rate of interest)/4 ) ^ (Period * 4)

For example, deposit of Rs. 1,00,000 deposited for a 5 year period, at 9% per annum interest compounded quarterly, yields on maturity an amount of:

Rs. 1,00,000 * (1 + 0.09/ 4) ^ (5 * 4) = Rs. 1,56,050.92

You can do fixed deposit and recurring deposit maturity amount calculations at https://bank-interest.multisocialshare.com/

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