Compound Interest Calculator

What is Compound Interest?

Compound Interest means earning interest on both your principal amount and accumulated interest. It helps your money grow faster compared to simple interest.

Formula Used

Future Value = P × (1 + r/n)^n×t

• P = Principal amount
• r = Annual interest rate
• n = Compounding frequency
• t = Time in years

Why Use a Compound Interest Calculator?

• Shows accurate future value
• Helps in long-term financial planning
• Useful for investment growth comparison
• Shows total interest earned