50%

Compound Interest Rate Calculator


8%


Interest by Frequency


1$10,000.00$800.00$10,800.00Jun 2025 - May 2026
2$10,800.00$864.00$11,664.00Jun 2026 - May 2027
3$11,664.00$933.12$12,597.12Jun 2027 - May 2028
4$12,597.12$1,007.77$13,604.89Jun 2028 - May 2029
5$13,604.89$1,088.39$14,693.28Jun 2029 - May 2030
6$14,693.28$1,175.46$15,868.74Jun 2030 - May 2031
7$15,868.74$1,269.50$17,138.24Jun 2031 - May 2032
8$17,138.24$1,371.06$18,509.30Jun 2032 - May 2033
9$18,509.30$1,480.74$19,990.05Jun 2033 - May 2034
10$19,990.05$1,599.20$21,589.25Jun 2034 - May 2035

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Compound Interest Rate Calculator Online


About

Compound interest is a formula used by banks and credit unions in loans and investments for calculating interest on the invested amount of money.

It is an interest you earn on the initial amount plus interest which is accumulated by previous periods.

Simple interest is somewhere different from the compound interest. It is calculated only on the initial sum of money. And compound interest is interest on the principal amount plus accumulated interest.

The formula for calculating final balance (FB) of your initial value is

FB = ID * (1 + R/CF) (T*CF).

Based on the compound interest formula, the compound interest rate is

R = CF * [(FB / ID)1/CF*T - 1].

Where

  • FB - Final balance or similarly called final value or future value,
  • ID - Initial Deposite or also referred as a principle amount or present value,
  • R - Expected annual interest rate,
  • T - Tenure or term,
  • CF - Compound frequency means that the interest is how many times compounded per year.

What can you do with Compound Interest Rate Calculator?

  • It helps to calculate compound interest rate and helps to project your future interest earnings.
  • Users can see the accurate value of compound interest rate.
  • The chart represents the growth of the total amount and initial amount by the scale of two years.
  • Users can easily see their calculations in detail by the table. Based on the selected compound frequency table describes the opening balance, your earned interest, closing balance and period.
  • This calculator helps to share your calculations by URL.