A really simple compound interest calculator. Just enter all the neccessary information below and find out accurate coumpound interest easily with this simple app.
Compound interest is nothing but the addition of interest to the main amount of the principle amount of a load or deposited money. In simple words, compound interest can be termed as the interest of interest. When you save your money in the bank as a fixed deposit then you get a compound interest on the money you deposited earlier. Calculating compound interest is a difficult task and for that reason, you need an online compound interest calculator for such conversion.
This is one of the most advanced compound interest calculators that is specifically developed to calculate compound interest for everyone. To use this tool, you just need to insert the main(primary) amount, annual interest rate (you can select this between yearly, monthly and quarterly), and total time duration. Once you insert all this necessary information, you just need to click on the calculate button. As soon as you click on the calculate button, you will get future value, Total deposits amount, Total interest amount, and Total yield.