RD Interest Rate Calculation
The Recurring Deposit (RD) interest is compounded quarterly
The Recurring Deposit (RD) interest is compounded quarterly. And the formula to calculate the RD returns is the same as the formula for compound interest.
Say, for example, you invested R1000 per month for 5 years in a RD account. Assuming a rate of interest of 8 percent per annum, the maturity value of the same would be R73862.
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