📊 Interest Calculator

About Our Interest Calculator

This Interest Calculator helps you compute both simple and compound interest on a principal amount over a specified period. Understand how your money can grow with different interest types and compounding frequencies.

How Does It Work?

• Select Currency & Enter Principal Amount: Choose your currency and input the initial amount of money.
• Enter Interest Rate & Rate Type: Input the interest rate and specify if it's an annual or monthly rate.
• Enter Time Period & Unit: Input the duration for which the interest is calculated and select the unit (Years, Months, or Days).
• Select Interest Type: Choose between "Simple Interest" or "Compound Interest".
• Select Compounding Frequency (for Compound Interest): If you choose compound interest, select how often the interest is compounded (e.g., Monthly, Quarterly, Annually).
• Calculate: Click the "Calculate" button.
• View Results: The tool will display the principal amount, total interest earned, and the final maturity amount. Charts may also be shown to visualize the growth.

Key Features:

• Calculates both Simple and Compound Interest.
• Supports various time units (Years, Months, Days).
• Allows different compounding frequencies for compound interest.
• Visual representation with growth charts.
• Option to copy results.
• Option to download results as a PDF.

Note: This calculator provides an estimate for general informational purposes. Actual interest earned may vary based on the specific terms and conditions of the financial institution or investment product. For precise calculations related to loans or investments, always refer to the official documents or consult with a financial advisor.