# Deposit Calculator

## Calculate deposit income

## What is an online deposit calculator?

This service helps you calculate the final amount for your deposit. The calculator is simple to use and helps you compare offers from different banks based on terms, interest rates, and whether they offer capitalization or replenishment. This way, you can easily choose the most profitable banking product for you.

## Complex deposit calculator

Our solution can work with compound interest. If your bank supports the function of deposit capitalization or adding monthly interest to the deposit body, you can simply calculate the final result by leaving the 'With capitalization' checkbox checked.

## How to calculate deposit profit formula

There are two types of deposit calculations – simple and compound interest.

The duodecimal.info calculator supports both of them.

The deposit calculator for simple interest uses this formula –

- M = P + (P x r x t / 100), where –
- P is the principal amount you deposit
- r is the annual interest rate
- t is the deposit duration in years

For compound interest deposits, the calculator uses this formula –

- A = P (1 + r / n) ^ (n * t), where –
- A is the maturity amount
- P is the principal amount
- r is the interest rate in decimal form
- n is the number of compounding periods per year
- t is the number of years