Compound Interest Calculator
What is Compound Interest?
Compound interest, as opposed to simple interest is when you earn interest on your investment over a period of time, due to which you witness a growth on your earnings.
The compound interest calculator allows you to see how your earnings can grow using compound interest. You can calculate compound interest on any of your investment with daily, quarterly or annually.
How does Compound Interest Work?
Compound Interest starts when your investment earns interest. There are two factors determine your compound interest
- Time- Your investment will only grow with time so you should make sure you give more time and stay invested for longer time, so that you can see more growth
- The rate of interest - A higher rate of interest will generate higher balance when compounding the investment
How to calculate Compound Interest?
The formula to calculate Compound Interest
Compound interest = total amount of principal and interest in future (or future value) minus principal amount at present (or present value)
= [P (1 + i)n] – P
= P [(1 + i)n – 1]
P = principal
i = nominal annual interest rate in percentage terms
n = number of compounding periods
P = INR 10,000
r = 0.05
n = 1
t = 10
A = 10000 (1 + 0.05/1)10 = INR 16,288.95
So, the total interest you earned is INR 6,288.95
Benefits of Compound Interest Calculator
- Its available 24X7 online
- Easy to use
- There is reliability and accuracy
When is my interest compounded?
With your investments, interest can be compounded at either the start or the end of the compounding period
Does Nuuu Compound Calculator provide daily, monthly or yearly interest compounding?
Yes. Our compound interest calculator includes options for: daily, monthly, quarterly, half-yearly and yearly compounding
What currencies do you have?
As of now our interest calculator will help you create projections for ₹- Rupee (India)