Compound Interest Calculator
Compound interest is calculated not just on the initial principal but also on the interest that accumulates over time. This means that as interest is added to the principal, future interest is earned on an ever-increasing total, leading to exponential growth. It's a fundamental concept in finance that demonstrates how reinvesting earned interest can significantly boost the value of an investment over time.
Select the currency for your investment.
Enter your starting investment or loan amount.
Enter the annual interest rate (for example, type 5 for 5%).
Select how frequently interest is applied.
Enter the total number of compounding periods (e.g., months if monthly).