The Compound Interest calculator will help you calculate the compound interest of any given amount with any selected interest rate along with the compounding frequency. This calculator is the simplest tool one can find to calculate the profit. Why? Because instead of doing the tedious job of entering days, months, and years, one can simply put the total number of compound interest to be added during the entire time period.
Example:
To calculate the compound interest of the given data:
Principal: Rs. 3,500
Interest Rate: 10% per annum
Duration: 2 years
Just enter the 3500 in principal amount, 10 in rate of interest, and 2 in compounding frequency. Simple! No need to enter the starting date and ending date.
Example:
To calculate the compound interest of the given data:
Principal: Rs. 3,500
Interest Rate: 10% half-yearly
Duration: 2 years
Just enter the 3500 in principal amount, 10 in rate of interest, and 4 in compounding frequency. (Why 4 you ask? Simple, if interest is added twice a year, then in two years, it will be added 4 times.
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