FREE Compound Interest Calculator: Watch Your Money Grow Exponentially
What is Compound Interest?
Compound interest is the interest calculated on the principal amount and the accumulated interest. This leads to exponential growth of savings.
How Does a Compound Interest Calculator Work?
The compound interest calculator uses this formula:
A = P × (1 + r/n)^(nt)
A = Final amount
P = Principal amount
r = Annual interest rate
n = Number of compounding periods per year
t = Total time in years
For example, if you invest ₹10,000 at a 10% annual interest rate for 5 years, your savings will grow exponentially.