What is the Formula for Calculating Recurring Deposit?

by admin on December 9, 2010

What is the Formula for Calculating Recurring Deposit?, 8.3 out of 10 based on 4 ratings
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{ 2 Answers… read them below or add one }

Bill_developer December 9, 2010 at 12:04 am

check the finanace calculator of banks online.

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anwesha December 9, 2010 at 12:04 am

First find the total principle per month.
Formula- P[ n/2 (n+1)]
Then find the interest.
Formula- Total Principle calculated X rate/100 X 1/12
Then calculate the amount.
Formula- P X n + interest calculated
Here P stands for money deposited per month and n stands for no. of months!

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