Compound Interest Calculator
Calculate how your investments will grow with compound interest over time.
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Interest Earned:
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About Compound Interest
Compound interest is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods. It's often called "interest on interest" and can make a significant difference in the growth of investments over time.
The formula for compound interest is: A = P(1 + r/n)^(nt), where:
- A = the future value of the investment
- P = the principal investment amount
- r = the annual interest rate (decimal)
- n = the number of times interest is compounded per year
- t = the number of years the money is invested