Calculate your compound interest and savings growth with regular monthly additions and custom compound frequencies.
| Year | Invested Capital | Accumulated Interest | Total Balance |
|---|---|---|---|
| Year 1 | ₹1,24,000 | ₹8,014 | ₹1,32,014 |
| Year 2 | ₹1,48,000 | ₹18,343 | ₹1,66,343 |
| Year 3 | ₹1,72,000 | ₹31,153 | ₹2,03,153 |
| Year 4 | ₹1,96,000 | ₹46,624 | ₹2,42,624 |
| Year 5 | ₹2,20,000 | ₹64,948 | ₹2,84,948 |
| Year 6 | ₹2,44,000 | ₹86,332 | ₹3,30,332 |
| Year 7 | ₹2,68,000 | ₹1,10,997 | ₹3,78,997 |
| Year 8 | ₹2,92,000 | ₹1,39,180 | ₹4,31,180 |
| Year 9 | ₹3,16,000 | ₹1,71,136 | ₹4,87,136 |
| Year 10 | ₹3,40,000 | ₹2,07,136 | ₹5,47,136 |
Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest.
Compound interest makes your money grow faster than simple interest. Our calculator helps you project your savings or investment growth with customizable compounding frequencies (daily, monthly, quarterly, or annually).
The more frequently interest is compounded, the sooner interest starts earning interest, resulting in a higher effective annual yield (APY).
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