Calculate compound interest on your investments. See the power of compounding grow your money over time.
Formula: A = P(1 + r/n)^(nt)
Where A = Final Amount, P = Principal, r = Rate, n = Compounding frequency, t = Time in years
Compound interest is interest earned on both principal and previously earned interest. It's often called "interest on interest" and results in exponential growth over time.
Compounding frequency is how often interest is calculated and added to principal. Higher frequency (like daily) results in more interest earned compared to lower frequency (like annually).
Simple Interest: Interest is calculated only on principal. Compound Interest: Interest is calculated on principal + accumulated interest. Compound interest always results in higher returns.