HandyBench

Compound Interest Calculator

Grow savings with compounding frequency.

12,196
Interest earned
22,196
Final amount

How to use the Compound Interest Calculator

  1. 1 Enter the principal, annual rate and number of years.
  2. 2 Choose the compounding frequency.
  3. 3 See the maturity value and interest earned.

Frequently asked questions

What is the compound interest formula?

A = P(1 + r/n)^(nt), where P is principal, r the annual rate, n the compoundings per year, and t the years.

How does compounding frequency affect returns?

More frequent compounding (e.g. monthly vs annual) earns slightly more, because interest is added and itself earns interest sooner.

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