📈 Compound Interest Calculator
Principal Amount:₹100,000
Interest Earned:₹46,932.81
Total Amount:₹146,932.81
What is Compound Interest?
Compound interest is interest earned on both the principal amount and the accumulated interest from previous periods. It's often called "interest on interest" and can significantly increase your investment over time.
Formula: A = P(1 + r/n)^(nt) where A = Amount, P = Principal, r = Rate, n = Frequency, t = Time