Compound Interest Calculator
This free **compound interest calculator** helps you estimate how your **savings and investments** grow over time. Enter your principal, interest rate, time period, and compounding frequency to see the **future value** of your money.
How This Compound Interest Calculator Works
The formula for compound interest is:
A = P (1 + r/n)^(n × t)
- P = Principal Amount
- r = Annual Interest Rate (decimal)
- n = Number of compounding periods per year
- t = Time in years
Example:
If you invest $5,000 at 5% annual interest for 10 years, compounded monthly:
- Future Value ≈ $8,235
- Total Interest Earned ≈ $3,235
Note: This **investment calculator** is for educational purposes. Actual returns may vary depending on market conditions and bank policies.
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