What is Compound Interest?

Compound interest is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

How to Use the Compound Interest Calculator?

• Enter the initial principal amount.
• Provide the annual interest rate.
• Input the number of years.
• Select the compounding frequency.
• Click "Calculate" to see the total amount and interest earned.

Why Use a Compound Interest Calculator?

This tool helps investors and savers understand how their money can grow over time with different interest rates and compounding periods.