Compound Interest Calculator
Calculate compound interest with different compounding frequencies
Compound Interest Formula
A = P(1 + r/n)^(nt)
Where:
A = Final Amount
P = Principal Amount
r = Annual Interest Rate (as decimal)
n = Number of times interest is compounded per year
t = Time in years
About Compound Interest
Compound interest is calculated on the principal amount plus any previously earned interest. This means your money grows faster over time compared to simple interest, especially with more frequent compounding periods.