Compound interest calculator

Compound interest is also known as (interest on interest). In compound interest, the accumulated interest is added back onto your principal sum, and the future interest is calculated on the combined sum of prinipal+interest.

The amount accumulated when interest is compounded annually = P[1 + (R/100)]^t
Where, P = Principal
R = Rate of interest per annum
t = Time in years

Thus, Compound interest (C.I) = Amount accumulated - Principal

Given below is the C.I calculator. This calculator will calculate compound interest for you. Simply enter the principal amount, rate of interest, and time in years and click calculate button.

Simple interest calculator

Simple interest is an amount that is accumulated on a particular principal amount at a given rate of interest for a certain period of time. The formula used for calculating simple interest is:
S.I= (P x R x T)/100
Where, P is the principal amount
R is the rate of interest in (%)
T is the time period in years.

Given below is the S.I. calculator. This calculator will calculate simple interest for you. Simply enter the principal amount, rate of interest, and time in years and click calculate button.