Compound Interest

How to Use the Compound Interest

1. 1

   Enter principal amount

   Input your initial investment or deposit amount.

2. 2

   Set interest rate

   Enter the annual interest rate as a percentage.

3. 3

   Choose compounding frequency

   Select how often interest is compounded (monthly, annually, etc.).

4. 4

   Set time period

   Enter the number of years for the investment.

Frequently Asked Questions