Fcnr Quarterly Income Deposits Calculator
Posted by Dinesh onThis calculator calculates the discounted interest using principal amount, rate of interest values.
Fcnr Quarterly Income Deposits Calculation
Formula:
A = ( P * r ) / [ (1+s) + 1 ]
Where,A = Discounted Interest
P = Principal Amount
r = Rate of Interest (i) / 200
s = Rate of Interest (i) / 400