Compound Interest Calculator
See how money grows with yearly, quarterly, monthly or daily compounding.
How to use
- Enter principal, rate and time.
- Pick the compounding frequency.
- Read the final amount and total interest.
Frequently asked questions
What formula is used?
A = P(1 + r/n)^(nt) - principal P, yearly rate r, n compounding periods per year, t years.
Does frequency matter much?
More frequent compounding earns more, though the difference between monthly and daily is usually small.