what is the formula to find R. D
Answers
Answered by
0
The formula for Recurring deposits(RD) is-
A=P*(1+R/N)^(Nt)
Hare, 'A' is the maturity amount in Rupees, the reccuring deposit amount is 'P' in Rupees, 'N' is the compounding frequency and interest rate 'R' in percentage and 'T' is the tenure.
Similar questions