Compound Interest
About the Compound Interest calculator
Use this free Compound Interest calculator. Enter principal, rate % / year, years, compounds / year and it shows maturity amount, interest earned instantly. With the default values, the maturity amount comes to 2,21,964.02.
How the Compound Interest calculation works
Final amount = P × (1 + r/n)^(n×t), where r is the annual rate, n the compounding periods per year and t the years.
Tip: More frequent compounding and more years both increase growth, and time matters most.
Frequently asked questions
What does the Compound Interest calculator do?
It takes principal, rate % / year, years, compounds / year and instantly calculates maturity amount, interest earned.
Is the Compound Interest calculator free?
Yes. It is free, needs no signup and runs in your browser, so your numbers are not stored.
Which currency does it use?
Amounts are plain numbers, so use any currency consistently.
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