2 Replies to “What is the Formula for Calculating Recurring Deposit?”

  1. 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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