Compound Interest Calculator

About the Compound Interest Calculator

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 can be thought of as "interest on interest," and it will make a sum grow at a faster rate than simple interest.

How it Works

• Principal Amount: The initial amount of money.
• Annual Interest Rate: The rate at which the money grows per year.
• Time Period: The duration for which the interest is calculated.
• Compound Frequency: How often the interest is calculated and added to the principal (e.g., annually, monthly).

This calculator shows you how your investment can grow over time through the power of compounding.