Finance
Compound Interest Calculator
See how your investments grow with the power of compound interest
Compound Interest Calculator
What is Compound Interest?
Compound interest is the interest calculated on the initial principal and also on the accumulated interest from previous periods. It's often called "interest on interest" and makes your money grow faster than simple interest.
Compound Interest Formula
A = P(1 + r/n)^(nt)Where: A = Final amount, P = Principal, r = Annual rate, n = Compounding frequency, t = Time in years
Compounding Frequencies
- Annually: Interest compounded once per year
- Semi-Annually: Interest compounded twice per year
- Quarterly: Interest compounded four times per year
- Monthly: Interest compounded twelve times per year
- Daily: Interest compounded 365 times per year
Why Use This Calculator?
- ✔️ Plan your long-term investments
- ✔️ Compare different investment options
- ✔️ Understand the impact of compounding frequency
- ✔️ Set realistic financial goals
- ✔️ See the power of starting early