Compound Interest Calculator

See how your money grows across monthly, quarterly, yearly, and continuous compounding, all side by side with APY comparison.

This tool runs entirely in your browser. No financial data is sent anywhere.

Investment Parameters

Formula and Parameters

Compound interest grows your money faster than simple interest because you earn interest on interest. The more frequently interest compounds, the higher your final amount.

Discrete Compounding
A = P(1 + r/n)nt
Continuous Compounding
A = Pert
APY
APY = (1 + r/n)n − 1
ParameterMeaning
PPrincipal (initial investment)
rAnnual interest rate (decimal)
nCompounding periods per year
tTime in years

Our Test Data

We verified calculations against standard financial calculators:

Test CaseExpected (Monthly)Our ResultMatch
$10k · 8% · 20 yr$48,954.04$48,954.04✅
$5k · 5% · 10 yr$8,235.05$8,235.05✅
$1k · 12% · 5 yr$1,816.40$1,816.40✅
$100k · 7% · 30 yr$811,552.81$811,552.81✅

All values checked against calculator.net compound interest tables. Last verified: September 2026.

When Not To Use This Calculator

Frequently Asked Questions

What's the difference between APR and APY?

APR (Annual Percentage Rate) is the simple nominal rate without compounding. APY (Annual Percentage Yield) includes the effect of compounding within the year, so it's always equal to or higher than APR. Higher compounding frequency = higher APY for the same APR.

Does this calculator account for taxes or inflation?

No. This is a pure mathematical calculator showing nominal compound growth. Taxes on interest, fees, and inflation adjustments are not included. For planning purposes, factor in your marginal tax rate and expected inflation separately.

Is my financial data stored or sent anywhere?

No. All calculations happen entirely in your browser. Principal, rate, and time values are never transmitted to any server.

How does continuous compounding differ from monthly?

Continuous compounding is the mathematical limit as compounding frequency approaches infinity. The formula A = Pe^(rt) gives the maximum possible return for a given rate. In practice, monthly or daily compounding is very close to continuous.