📈Use this free calculator to compute how your amount grows over time with compound interest. Just enter the starting amount, interest rate, time, and how often the interest is compounded.
📊 Results
📘 Formula:
A = P × (1 + r/n)nt
Where:
A = Final amount
P = Principal (starting) amount
r = Annual interest rate (decimal)
n = Number of times interest applied per year
t = Time (years)
🔍 Example:
Principal = 1,000
Rate = 5% annually
Time = 10 years
Compounded annually (n = 1)
Final Amount ≈ 1,628.89