In this blog, we will learn about **Calculating Fixed Deposit maturity amount in Excel**

**Example:**

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If you have RS 1000 invested in Fixed Deposit where the bank’s Annual Interest Rate is 10%. Then how much total amount you will be getting after 5 years?

Here we will be applying the Simple Interest formula to calculate the total amount

**A=P*(1+r) ^ n**

A – Amount at the end of your maturity period

P – Principal

* – Multiply Sign which you will get on your digit 8 keyboard

r – R means rate of interest

^ – To the power sign which you will get on your digit 6 keyboard

n – Number of years

1. Write = and select the **Principal Amount =C3**

2. Apply the **Multiply Sign ***

**Note –** Multiply Sign you will get on your digit 8 keyboard

3. **Open the bracket** and write **1+** and select the **Interest** and **close the bracket**

4. Apply **to the power sign ^** and choose the **number of years**

5. Press **Enter**

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