Compound Interest Calculator

How to Use the Compound Interest Calculator

Using the compound interest calculator is simple and straightforward. Follow these steps to get accurate results:

1. Enter the Principal Amount

• This is the initial amount of money you plan to invest or save.
• Example: ₹10,000 or $5,000.

2. Input the Annual Interest Rate (%)

• Enter the yearly interest rate offered by your investment.
• Example: 5% or 7.5%.

3. Specify the Time Period (Years)

• Provide the duration for which your money will be invested or saved.
• Example: 5 years, 10 years, or 20 years.

4. Select Your Currency

• Choose the currency for your calculation (e.g., Indian Rupee ₹, US Dollar $).
• This ensures the results align with your financial context.

5. Click the “Calculate” Button

• The tool will instantly compute the compound interest and show the total amount you will have at the end of the specified time period.

6. Review Your Results

• The calculator will display:
  • Total amount including compound interest.
  • Interest earned over the specified time.

7. Adjust Inputs for Comparison

• Experiment with different principal amounts, interest rates, and time periods to see how they impact your total returns.