## Compound Interest Calculator

The following compound interest calculator calculates the balance and the interest after a certain number of years for any given principal or interest rate.

 COMPOUND INTEREST Principal Months 1 = .08 2 = .17 3 = .25 4 = .33 5 = .42 6 = .50 7 = .58 8 = .67 9 = .7510 = .8311 = .92 Rate Years Amount Interest

## How to use this calculator

Use your keyboard to enter the principal, the interest rate, and the time in years.

If you want to find the compound interest after only a few months, convert the time into years by dividing the number of months by 12. The right side of the calculator gives you a quick conversion also.

## Important Formula

The following formula can be used to find the compound interest manually.

# B = p(1 +r)^t

To learn more about finding the compound interest check out this
interesting video.

To learn about the difference between the simple interest and compound interest watch this online video

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