Compound Interest Calculator
Calculate compound interest with different compounding frequencies. See how your money grows with the power of compounding over time.
Frequently Asked Questions
What is compound interest?
Compound interest is interest calculated on the initial principal plus all accumulated interest from previous periods. It makes your money grow faster than simple interest.
What is the compound interest formula?
A = P(1 + r/n)^(nt), where P is principal, r is annual rate, n is compounding frequency, and t is time in years.
How does compounding frequency affect returns?
More frequent compounding (daily vs yearly) results in slightly higher returns because interest earns interest more often.