Last few days left to save
up to Rs 46,800 in taxes
• Invest in direct ELSS funds
• 0% commission
Compound interest is the interest on interest. In simple terms, the addition of interest to the principal sum of the loan or deposit is called compound interest. If you have an investment account, you earn money on your interest. The interest that you earn is reinvested, instead of paying it out. If you are repaying a loan that charges compound interest, you are paying interest on the interest. If you earn compound interest on your investment, it grows without any further deposits. You may increase the deposits to raise the efficacy of the compound interest.
A compound interest calculator is a simulation, that shows how investments grow with time. You need three parts to calculate the compound interest that is the principal amount, interest rate, and time for which the money is invested. The compound interest calculator consists of a formula box, where you enter the compounding frequency, principal amount, rate of interest, and the period. The calculator will show you the future value of your investments.
The ClearTax Compound Interest Calculator shows you the compound interest you have earned on any deposits.
To use the compound interest calculator:
|EMI Calculator||Income tax calculator||SIP Calculator|
|PPF calculator||FD Calculator||RD Calculator|
|Home Loan EMI Calculator||Simple Interest Calculator||NPS Calculator|
|Gratuity Calculator||Personal Loan EMI Calculator||Car loan emi calculator|
|Mutual fund calculator||PF Calculator||Salary Calculator|
|HRA Calculator||CAGR Calculator||Discount Calculator|
|Retirement Calculator||Future Value Calculator||SWP Calculator|
|Lumpsum Calculator||education loan emi calculator||SSY Calculator|
|Mortgage Calculator||Marriage Calculator||ROI Calculator|
|Present Value Calculator||NPV Calculator||LTCG Calculator|
|Savings Calculator||Child Education Planning Calculator||Tax Saving Calculator|
|Goal Planner||Down Payment Calculator||Lease Calculator|
|Bitcoin tax calculator||Payback Period Calculator|