## Calculate Compound Interest

#### What is the Formula to calculate Compound Interest?

Here is the formula of Compound Interest:

#### A = p * [[1 + (r/n)] ^ nt]

where,
A = Compound interest
p = Principal or Initial amount
n = No. of compoundings per year
t = Time duration
r = Rate of interest

#### How our compound interest calculator works?

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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