Compound Interest Calculator

💰 What is Compound Interest?

Compound interest is the interest calculated on the initial principal and also on the accumulated interest of previous periods. It helps your money grow faster than simple interest.

🧮 Formula Used

Maturity = Principal × (1 + Rate/(100×n))^(n×Time)

Where:

• Principal = Amount deposited
• Rate = Annual interest rate (%)
• n = Compounding frequency per year
• Time = Tenure in years

💡 Example

For a principal of ₹10,000 at 8% p.a. compounded yearly for 3 years:

• Maturity Amount: ₹12,597
• Total Interest: ₹2,597