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Compound Interest Calcularor(Calculate Compound Interest)
Compound interest means interest is added to the principal, and then calculate the interest for the next period. The interest which is calculated not only on the initial principal but also the accumulated interest of prior periods.
Compound Interest Calculator
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Principal amountAn annual interest rate
%
Number of yearsNumber of times per year

Amount:
The formula for Compound Interest: F=P(1+r/n)nt

  • P =initial principal

  • r = annual nominal interest rate

  • n = number of times the interest is compounded per year

  • t = number of years

  • F = future amount after time t

Example usage: If you start a bank account with $1200 and your bank compounds the interest quarterly at an interest rate of 4.2%. Find the balance after 5 years.Using the formula above, with P = 1200, r = 4.2/100 = 0.042, n = 4, and t = 5:F=1200X(1+0.042/4)4X5 .So, the balance after 5 years is $1478.79.



Top Use:    Compound Interest Calculator - Principal:117800 Interest rate:3 Times:12 Years:1

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