Compound Interest Calculator
Calculate how your investment grows over time with the power of compounding.
$22,196.40
Final Amount
$12,196.40
Interest Earned
$10,000.00
Total Deposited
Year-by-Year Growth
| Year | Balance |
|---|---|
| Year 1 | $10,830.00 |
| Year 2 | $11,728.88 |
| Year 3 | $12,702.37 |
| Year 4 | $13,756.66 |
| Year 5 | $14,898.46 |
| Year 6 | $16,135.02 |
| Year 7 | $17,474.22 |
| Year 8 | $18,924.57 |
| Year 9 | $20,495.30 |
| Year 10 | $22,196.40 |
About Compound Interest
Compound interest means you earn interest on your interest, not just your principal. The formula is: A = P(1 + r/n)^(nt). The more frequently interest compounds, the faster your money grows — this is the "eighth wonder of the world."