Savings
Compound Interest Calculator
Calculate compound interest on investments with options for monthly or annual compounding.
Formula
A = P(1 + r/n)^(nt)
P = Principal, r = Annual rate, n = Compounds/year, t = Years
Results
Enter values above to see results
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.
A fixed deposit of ₹5,00,000 at 7% p.a. compounded monthly for 5 years
Input Values
Calculation
Applying the formula with the input values above:
Results
Maturity Amount
₹7,06,384.00
Interest Earned
₹2,06,384.00
- 1Enter the principal amount (lump sum you are investing or borrowing).
- 2Input the annual interest rate offered or charged.
- 3Select the compounding frequency (monthly, quarterly, half-yearly, or annually).
- 4Enter the tenure in years for the investment or loan.
- 5Compare FD rates across banks; senior citizens get 0.5% extra on deposits.
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