# Compound Interest Calculator

Compound Interest Calculator

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## What is Compound Interest?

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.

## What is Compound Interest Calculator?

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.

## How to Calculate Compound Interest?

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

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Andy, Cohen “Compound Interest Calculator” at

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