Compound Interest Calculator
Calculate how your money grows with compound interest
How to Use the Compound Interest Calculator
- Enter your initial principal amount
- Input the annual interest rate
- Specify the time period in years
- Choose how often interest is compounded
- Add regular deposits if applicable
- Click "Calculate Interest" to see your money grow
Understanding Compound Interest
- Compound interest is interest earned on both principal and previously earned interest
- More frequent compounding leads to faster growth
- Regular deposits can significantly boost your returns
- The earlier you start saving, the more time your money has to grow