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Interest Calculator
Calculate simple and compound interest on your principal amount. Compare both types and see detailed breakdowns.
$100,000.00
8%
5 years
Principal
$100,000.00
Interest Earned
$48,984.57
Total Amount
$148,984.57
Breakdown
Principal (67.1%)
Interest (32.9%)
Formula Used
A = P(1 + r/n)^(nt) = 100000(1 + 8/100/12)^(12×5)Advertisement
How to Use
- Select interest type: Simple or Compound.
- Enter the principal amount.
- Set the annual interest rate.
- Choose the time period in years.
- For compound interest, select compounding frequency.
- View the calculated interest and total amount.