# Compound Interest Calculator

Compound Frequency

Initial Investment

Interest Rate

%

Length of Time

yrs

Compound Interest

24,900.300

Compound Amount

39,900.300

Compound interest is the interest calculated on the principal and the interest accumulated over the previous period. It is different from simple interest, where interest is not added to the principal while calculating the interest during the next period.

#### CI = P(1 + R/100)^T - 1

#### CA = P + CI

Where:

CA = Compound Amount

CI = Compound Interest

P = Principal Amount

R = Rate of Interest per year as a percent

T = Time Period involved in years