how to use Recurring Deposits formula in php -
i not know how use recurring deposits formula in php calculate rd.please give me code calculate recurring deposits.
$m; $r=200; $n=4; $i=11; m =r [ (1+i)n – 1] -------------------- 1- (1+i) -1/3 m = maturity value r = monthly installment n = number of quarters = rate of interest/400 echo $m; ?>
$m = ($r * ((($i+1)*$n)-1))/(1-($i+1)-(1/3));
but eliyahu said - need learn basics of variables , operations first ;)
full code like:
$r=200; $n=4; $i=11; $m = ($r * ((($i+1)*$n)-1))/(1-($i+1)-(1/3)); echo $m;
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