Grow your wealth with our Compound Interest Calculator. Input your principal amount, interest rate, tenure, and compounding frequency to get detailed insights into your total interest, final amount, and growth table – created by Mr. Dhananjoy Ghosh.
What is compound interest?
Compound interest is the interest earned on both the initial principal and the interest accumulated over time.
How is compound interest calculated?
It’s calculated using the formula: A = P × (1 + r/n)^(n×t), where P is the principal, r is the annual rate, n is the number of times interest is compounded per year, and t is the tenure in years.
What’s the growth table?
It’s a table showing the principal, interest earned, and total value year by year.
What does compound frequency mean?
It’s how often interest is added to the principal (e.g., 1 for annually, 4 for quarterly, 12 for monthly).
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