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Compound Interest Calculator

Calculate compound interest on investments with options for monthly or annual compounding.

Compound Interest Calculator — Calculate compound interest on investments with options for monthly or annual compounding. Use FinWiz24's free compound interest calculator for accurate results.

Formula

A = P(1 + r/n)^(nt)

P = Principal, r = Annual rate, n = Compounds/year, t = Years

Results

Enter values above to see results

Formula

A = P(1 + r/n)^(nt)

Compound interest is calculated on the initial principal and all accumulated interest from previous periods. The frequency of compounding (monthly, quarterly, annually) affects the final amount. Indian bank fixed deposits compound quarterly while savings accounts compound daily.

Example

A fixed deposit of ₹5,00,000 at 7% p.a. compounded monthly for 5 years

Input Values

Principal (₹)₹5,00,000.00
Rate (% p.a.)7%
Compounds per Year₹12.00
Tenure (years)₹5.00

Calculation

Applying the formula with the input values above:

Results

Maturity Amount

₹7,06,384.00

Interest Earned

₹2,06,384.00

How to Use This Calculator
  1. 1Enter the principal amount (lump sum you are investing or borrowing).
  2. 2Input the annual interest rate offered or charged.
  3. 3Select the compounding frequency (monthly, quarterly, half-yearly, or annually).
  4. 4Enter the tenure in years for the investment or loan.
  5. 5Compare FD rates across banks; senior citizens get 0.5% extra on deposits.