Compound interest basically means “interest on the interest”. Compound Interest Calculator calculates compound interest easily and quickly.
Formula for Compound Interest:
I= P [(1+r) n -1]
Total amount is calculated by:
A= P (1+r/n) n.t
I = Compound interest
A= Amount of money accumulated after n years, including interest.
P = Principle amount
r = Annual rate of interest
t = Number of years the amount is deposited or borrowed for
n = Number of times the interest is compounded per year
Just enter the values and result will be displayed very quickly.
This is a free online calculator to calculate compound interest and get immediate results.