Question

I have two options: Bank A giving 6.5%
interest on F.D. and Bank B giving
6.75% interest on F.D. both for 2
years, then I choose Bank B This is
decision making under​

Answer 1

Answer:

Fixed deposit calculator is a tool designed to get an estimate about the maturity amount that the investor should expect at the end of a chosen tenure for a specified deposit amount at the applicable rate of interest.

FD calculator is a tool that helps in calculating how much interest one would earn on a fixed deposit. It uses the deposit amount, FD interest rate and tenure of the fixed deposit to calculate the maturity amount. Maturity amount is the amount one gets at the end of the FD tenure. It consists of the total interest earned on the principal (deposit amount).

How to Use FD Calculator?

To use the FD calculator available here, at Paisabazaar.com, follow the steps stated below:

Enter the deposit amount in the first field (Fixed Deposit Amount)

Enter the interest rate in the next field (Rate of Interest)

Enter the tenure duration (the period for which you want FD to be active)

Note: You can choose to enter FD duration in months or years.

Hit the “Calculate” button. The estimated maturity amount will be displayed in the table below the FD Calculator tool. You can also check the total interest in the column next to the maturity amount.