Interest Calculator

About the Interest Calculator

This calculator helps you compute interest on a principal amount using two different methods: simple interest and compound interest.

How it Works

• Simple Interest: Calculated only on the initial principal amount.
• Compound Interest: Calculated on the initial principal and also on the accumulated interest from previous periods. You can choose how frequently the interest is compounded (e.g., annually, monthly).

Key Inputs

• Principal Amount: The initial amount of money.
• Annual Interest Rate: The rate at which the money grows per year.
• Time Period: The duration for which the interest is calculated.

Use the tabs to switch between simple and compound interest to see how they affect your returns over time.