anwesha -December 9th, 2010 at 12:04 amnone
Comment author #199 on What is the Formula for Calculating Recurring Deposit? by Answers

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!

check the finanace calculator of banks online.

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!