Compound Interest Calculator
Calculate compound interest on your investments with different compounding frequencies. See how your money grows over time with detailed yearly breakdown.
Compound Interest Calculator
About This Calculator
Compound interest is the interest calculated on the initial principal and also on the accumulated interest of previous periods. It's often referred to as "interest on interest" and can significantly boost your investment returns over time.
Our compound interest calculator allows you to experiment with different compounding frequencies (annually, semi-annually, quarterly, monthly, or daily) to see how they affect your investment growth.
Compound Interest Formula:
A = P(1 + r/n)^(nt)
Where:
- A: Final amount
- P: Principal amount
- r: Annual interest rate (decimal)
- n: Number of times interest is compounded per year
- t: Number of years
Compounding Frequencies:
- Annually: Once per year
- Semi-annually: Twice per year
- Quarterly: Four times per year
- Monthly: 12 times per year
- Daily: 365 times per year
The more frequently interest is compounded, the more interest you earn on your investment.