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Interest Calculator
Calculate simple and compound interest on your savings and investments
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About Interest Calculation
Simple Interest
Simple interest is calculated only on the principal amount. The formula is:
Interest = Principal × Rate × Time / 100
Compound Interest
Compound interest is calculated on both principal and accumulated interest. The formula is:
Amount = Principal × (1 + Rate/n)^(n×Time)
where n = number of times interest is compounded per year