Here is the formula of Compound Interest:

A = Compound interest

p = Principal or Initial amount

n = No. of compoundings per year

t = Time duration

r = Rate of interest

Input | Description |
---|---|

Amount | It is an amount on which you want to take simple interest |

Expected rate of return | This is the percentage return per year at which you want to invest your money |

Frequency type of time duration | It is the compounding frequency of times per year the total interest is paid |

Time Duration | It can be number of years, number of months or number of days depending upon the frequency type |

Output | Description |
---|---|

Amount | It is an amount on which you want to take simple interest |

Compound interest | This is the simple interest on the amount you will have by the end of invetment years which is calculated compoundly |

Amount after Interest Gained | This is the total amount you will receive which is sum of your total amount invested and the simple interest you will gain |

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