Compound Interest Calculator
Calculate compound interest and see how your money grows over time. Free compound interest calculator tool.
How to Use
- 1
Enter principal amount
Enter the initial amount of money (principal).
- 2
Enter interest rate
Enter the annual interest rate as a percentage.
- 3
Enter time period
Enter the number of years for the investment.
- 4
Calculate
Click the "Calculate" button to see the final amount and interest earned.
Use Cases
Savings Planning
Calculate how much your savings will grow over time
Investment Analysis
Compare different investment options and interest rates
Retirement Planning
Plan for retirement by understanding compound interest growth
Frequently Asked Questions
What is compound interest?
Compound interest is interest calculated on the initial principal and also on the accumulated interest of previous periods.
How does compound frequency affect the result?
More frequent compounding (e.g., monthly vs. annually) results in higher returns due to interest being calculated more often.