# Compound Interest Calculator

## Compound Interest calculator

Calculate Compound interest with this calculator online.

 Select currency: Dollar (\$) Pound (£) Euro (€) Baht (฿) Krona (kr) Leu (L) Lira (t) Peso (₱) Rand (R) Real (R\$) Ringgit (RM) Rupee (R) Rupee (Rs) Shekel (₪) Zloty (zł) - other - Initial amount: \$ Deposit amount: \$ per week month quarter year Annual interest rate: % compounded weekly monthly quarterly yearly Period: Days Weeks Months Quarters Years Total deposits amount: \$ Interest amount: \$ Final amount: \$ Total yield: %

## Compound interest calculation

The formula that you can apply to find Compound Interest can be used as the amount after n years An is apparently equal to the initial amount that is A0 times one in addition to the annual interest rate r which is divided by the number of compounding periods in a year m which is raised to the power m times n:

## Compound interest formula

Compound interest can now be calculated with examples.

## Compound interest calculation formula

### Future value calculation

The future amount that is to be calculated after n years An is totally equal to the initial amount A0 multiplied one plus the annual interest with rate r and divided by the number of the compounding periods in an year m which is raised to the power of m times n:

An is the future value of the amount after n years.

A0 is the present amount that is present.

r is the annual interest rate on which the amount is given.

m is the number of compounding periods per year.

n is the total number of years for which the amount is given.

#### For Example,

If we have to find the future value of an amount after 7 years with the present value of \$6,000 on an annual interest of 3%.

Solution:

A0 = \$6,000

r = 3% = 3/100 = 0.03

m = 1

n = 7

A10 = \$6,000·(1+0.03/1)(1·7) = \$4,933.42