Compound Interest Calculator
Calculate the growth of your capital with periodically compounded interest.
Evolution Table
| Months | Accumulated Interest | Total Balance |
|---|---|---|
| 12 | 1,268.25 | 11,268.25 |
| 24 | 2,697.35 | 12,697.35 |
| 36 | 4,307.69 | 14,307.69 |
| 48 | 6,122.26 | 16,122.26 |
| 60 | 8,166.97 | 18,166.97 |
| 72 | 10,470.99 | 20,470.99 |
| 84 | 13,067.23 | 23,067.23 |
| 96 | 15,992.73 | 25,992.73 |
| 108 | 19,289.26 | 29,289.26 |
| 120 | 23,003.87 | 33,003.87 |
How it works
Compound interest is interest on interest, where the earnings of each period are added to the principal balance for subsequent calculations, accelerating capital growth.
Frequently asked questions
What is compound interest?
It is interest calculated on the initial principal and also on the accumulated interest of previous periods, causing savings to grow exponentially over time.
What is the difference between simple and compound interest?
Simple interest is calculated only on the initial principal. Compound interest is calculated on the total balance at each interval, compounding returns.
How does compounding frequency affect returns?
The more frequently interest is compounded (e.g., daily instead of annually), the faster interest is reinvested and the larger the final balance.