Calculate Compound Interest
Advertisement
About This Tool
This calculator determines the Compound Interest (CI) and the final maturity amount based on the principal, rate, time period, and how frequently the interest is compounded.
The formula used is:
A = P (1 + r/n)^(n*t)Compound Interest = A - P
- A = Maturity Amount
- P = Principal Amount
- r = Annual Interest Rate (in decimal form, e.g., 8% = 0.08)
- n = Compounding Frequency per year (e.g., 1 for Annually, 12 for Monthly)
- t = Time Period in Years (calculated from your input)
Enter the details, and the calculator will show the total interest earned and the final amount after the specified period.
Advertisement