Compound interest is a type of interest that is calculated on the initial principal and also on the accumulated interest of previous periods. It is a powerful tool for growing wealth over time, as the interest earned in each period is added to the principal, so that the balance grows faster than with simple interest.

A compound interest calculator is a tool used to calculate the amount of interest earned on an investment over a period of time. It takes into account the principal amount, the interest rate, and the number of compounding periods to calculate the total amount of interest earned.

Compound interest is calculated using the following formula: Compound Interest = P (1 + r/n) ^ (nt) – P Where: P = Principal Amount r = Annual Interest Rate n = Number of Times Interest is Compounded per Year t = Number of Years

**Cite this content, page or calculator as:**

Andy, Cohen “Compound Interest Calculator” at

from FreeCalculator.net, *https://www.freecalculator.net*

FreeCalculator.net’s sole focus is to provide fast, comprehensive, convenient, free online calculators in a plethora of areas. Currently, we have over 100 calculators to help you “do the math” quickly in areas such as finance, fitness, health, math, and others, and we are still developing more. Our goal is to become the one-stop, go-to site for people who need to make quick calculations. Additionally, we believe the internet should be a source of free information. Therefore, all of our tools and services are completely free, with no registration required.

We coded and developed each calculator individually and put each one through strict, comprehensive testing. However, please inform us if you notice even the slightest error – your input is extremely valuable to us. While most calculators on FreeCalculator.net are designed to be universally applicable for worldwide usage, some are for specific countries only.

© 2021 – 2022 FreeCalculator.net | All rights reserved.