Compound Interest Calculator

What is Compound Interest Calculator?

A = Future Value of the investment/loan, including interest 𝑃 P = Principal investment amount (initial deposit or loan amount) 𝑟 r = Annual interest rate (decimal) 𝑛 n = Number of times interest is compounded per year 𝑡 t = Number of years the money is invested or borrowed for

What is a Compound Interest Calculator?

A Compound Interest Calculator is a free, online tool that can help you automatically calculate the future value of your fixed deposit investment based on the amount invested, the duration of investment, and the rate of returns offered by the bank. It is a better alternative to manually calculating the maturity amount of an FD. Since it is publicly available online, anyone with a device with internet access can use it to accurately calculate returns on their FD investments.

Nowadays, it is easier to keep a check on changing rates. However, with the discovery of public provident fund calculator, account holders find it easier to find out monthly changes made in interest. In the market, you may find lot of user-friendly Compound Interest Calculators and for choosing trustworthy ones, Groww is simply the option.