Calculating FD interest helps in making informed decisions about investments and maximising potential returns.

Note that the example above is exactly the same as the example for simple interest, but the answers are different as compound interest changes the amount each period.

To decide which type of CD is best for you, consider its value. Here’s how to calculate CD interest, helping you better manage your hard-earned money.

Note that the example above is exactly the same as the example for simple interest, but the answers are different as compound interest changes the amount each period.