Compound Interest Calculator

Compound Interest is one of the most revered concepts in Investing. Albert Einstein once said, "Compound Interest is the eighth wonder of the world. He who understands it, earns it... he who doesn't... pays it." It is a bit more advanced form of simple interest where the interest generated in the previous term is reinvested and the interest calculation for the current year includes the previous interest with the original principal. Here's the mathematical formula to calculate Compound Interest:-

Where,
A → Final Amount
P → Principal (Initial Amount)
r → Annual Interest Rate (in %) divided by 100
t → Time period (in years)
n → Number of Compounding intervals in a year

This app uses the above formula exactly the way you'd calculate manually. But on top of it, it gives you the year-wise increase of your amount and the difference from the previous year. If you'd like to download the result as a file hit the "Down Arrow" button to print it as a PDF document. Compound Interest is widely used in Investing and Business Analytics. Make the most use of this tool to multiply your wealth.