Simple & Compound Interest Calculator
Calculate interest, total amount, and compounding growth instantly!
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About Simple & Compound Interest
Simple Interest and Compound Interest are two important concepts in finance that help determine the growth of your money over time. Simple Interest is calculated only on the principal amount, whereas Compound Interest is calculated on both the principal and accumulated interest, which means your money grows faster due to compounding.
Formula for Simple Interest: SI = (P × R × T) / 100, where P = Principal, R = Rate of Interest, T = Time in years.
Formula for Compound Interest: CI = P × (1 + R/(n×100))^(n×T) – P, where n = number of compounding periods per year.
This tool is useful for calculating interest on loans, fixed deposits, savings accounts, and investments. By using this calculator, you can plan your financial goals effectively, compare different investment options, and make informed decisions.
Why Use This Tool?
✔ Accurate results for both Simple and Compound Interest.
✔ Supports multiple compounding frequencies: yearly, quarterly, and monthly.
✔ User-friendly, mobile responsive, and 100% free.
✔ Extra options: Download results as PDF, share calculation instantly.
✔ Secure, fast, and ad-supported for sustainability.
Whether you are a student, investor, banker, or someone planning savings, this calculator will save time and give reliable results.
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