Compound Interest Calculator

Principal Amount ($)

Annual Interest Rate (%)

Time Period (years)

Compounding Frequency

Results

Final Amount

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Total Interest Earned

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About Compound Interest

Compound interest is calculated on the initial principal and on accumulated interest over time.
The formula used is: A = P(1 + r/n)^(nt), where:
- A = Final amount
- P = Principal (initial investment)
- r = Annual interest rate (as a decimal)
- n = Number of times interest is compounded per year
- t = Time period in years
The more frequently interest is compounded, the more your money will grow.