What is compound interest?

Compound interest is interest calculated on both the initial principal and the accumulated interest from previous periods, leading to exponential growth.

Compound Interest Calculator

Calculate compound interest on savings and investments. See growth over time with charts.

How to use: Enter principal, rate, time, and compounding frequency to see growth over time.

Principal ($)

Annual Rate (%)

Years

Compound per year

Future value: $20,096.61

Total interest: $10,096.61

Compound Interest Calculator

Enter principal amount, interest rate, time period, and compounding frequency to calculate the future value and total interest earned on your investment.

Frequently Asked Questions

What is compound interest?: Compound interest is interest calculated on both the initial principal and the accumulated interest from previous periods, leading to exponential growth.