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Compound Interest Calculator
Calculate the power of compounding on your investments
₹
₹1,000₹10,00,000
%
1%20%
1 Year30 Years
Investment Summary
Principal Amount₹1,00,000
Total Interest₹46,933
Maturity Amount₹1,46,933
Rate of Interest
8% p.a.
Time Period
5 Years
Compounding
Yearly
Effective Rate
8.00%
About Compound Interest
Compound interest is the interest calculated on the initial principal and the accumulated interest from previous periods. The more frequently interest is compounded, the greater the return.
Formula:
A = P(1 + r/n)^(nt)
Where: A = Amount, P = Principal, r = Rate, n = Compounding frequency, t = Time