Compound Interest

This Calculator helps you to calcualte the compound interest of the provided principal amount.

Compound Interest Calculator

Rs.
Years
%

Result:

 Principal amount: 0 Number of years: 0 Interest Rate %: 0 Compound Interest 0

How to use this Compound Interest Calculator?

• Principal Amount: Enter the principal amount.
• Number of years: Enter the number of years.
• Interest Rate: Enter the interest rate.
• Compounding Frequency: Number of times interest compounding in a year.

Compounding Frequency:

The Compound Interest calculator includes options for Compounding Frequency as,

• Monthly Compounding
• Quarterly Compounding
• Half-Yearly Compounding
• yearly Compounding

Interest will be compounded either at the start of the compounding term or at the end of the compounding term.
If you would like to calculate the initerest without compounding, please try our Simple Interest Calculator.

Compound Interest Calculation Formula:

This Compound Interest calculator using the below formula in order to calculate the interest value.

A = P * [ (1 + R/n) ^ n*t ]

Where,

• A = Maturity amount
• P = Principal amount
• R = Rate of interest in decimal
• n = number of compounding term in a year
• t = number of years

Compound Interest Calculation Example:

Below table will provide an example of how compound interest accumulated over the period of investment time. In this exampl, an investment of Rs.20000 was made for 4 years with interest rate of 10% with Yearly interest compounding.

 Years Calucation of Interest Earned Interest Closing balance Year 1 Rs.20000 * 10% Rs.2000 Rs.22000 Year 2 Rs.22000 * 10% Rs.2200 Rs.24200 Year 3 Rs.24200 * 10% Rs.2420 Rs.26620 Year 4 Rs.26620 * 10% Rs.2662 Rs.29282