Interest Calculator

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Simple Interest Results

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Interest Earned
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Total Amount
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Compound Interest Results

$0
Interest Earned
$0
Total Amount

About the Interest Calculator

Our Interest Calculator helps you estimate how your money can grow over time with both simple and compound interest calculations.

Key Features

  • Simple Interest: Calculate interest earned on principal amount only
  • Compound Interest: Calculate interest on both principal and accumulated interest
  • Flexible Time Periods: Calculate for years, months, or days
  • Multiple Compounding Frequencies: Annual, semi-annual, quarterly, monthly, or daily
  • Visual Growth Chart: See how your investment grows over time

Formulas Used

Simple Interest:

I = P × r × t
A = P + I
Where:
I = Interest amount
P = Principal amount
r = Annual interest rate (in decimal)
t = Time period in years

Compound Interest:

A = P × (1 + r/n)^(n×t)
I = A - P
Where:
A = Final amount
P = Principal amount
r = Annual interest rate (in decimal)
n = Number of compounding periods per year
t = Time period in years

Who Uses This Tool?

Investors: Project returns on savings and investments.

Borrowers: Understand interest costs on loans.

Students: Learn about interest calculations.

Financial Planners: Help clients with savings strategies.