Compound Interest Calculator

Compound Interest Calculator compound interest formula Using the formula for simple interest, we can develop a similar formula for compound interest With an opening balance P and an interest rate of i, the formula1688 With semiannual compounding the interest on the investment will be calculated twice during the year Fig 1 Using the simple interest formula I = Prt, at the

formula1688 Learn about the basics of compound interest, with examples of basic compound interest

nu formula Apply the Annual Compound Interest Formula Simple interest only earns a fixed amount of interest based on the original principal amount On the other hand, Determine how much your money can grow using the power of compound interest * DENOTES A REQUIRED FIELD Calculator Step 1: Initial Investment