Fcnr Quarterly Income Deposits Formula
Equation for calculate fcnr quarterly income deposits is,
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
A = Discounted Interest
P = Principal Amount
r = Rate of Interest (i) / 200
s = Rate of Interest (i) / 400