Simple & Compound Interest Calculator - SmallToolsPro

Simple & Compound Interest

Principal Amount: Interest Rate (%): Time (Years): Compounding Frequency:

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About This Tool

Compare simple and compound interest for the same principal, rate, and time to understand how compounding grows your money.

FAQ

Q: Which formula is used?
A: Simple: P×R×T/100, Compound: P(1+R/N)^(N×T)
Q: What does frequency mean?
A: How many times per year interest is added (monthly, quarterly, etc.)