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Finance calculator

Simple & Compound Interest Calculator

Compare simple and compound interest with annual, half-yearly, quarterly or monthly compounding.

Professional calculator

Simple & Compound Interest Calculator

Compare simple interest and compound interest using annual, half-yearly, quarterly or monthly compounding.

Estimated result

Simple interest

₹40,000

Compound interest

₹48,595

Compound maturity amount

₹1,48,595

Detailed breakdown

Principal₹1,00,000
Annual rate8%
Time in years5
Compounding frequency4 per year
Simple maturity₹1,40,000
Compound maturity₹1,48,595

Formula and assumptions

Simple Interest = P × R × T. Compound Amount = P × (1 + R/n)^(n×T).

  • Monthly time is converted to years by dividing by 12.
  • Compound interest supports annual, half-yearly, quarterly and monthly compounding.
  • No recurring contribution/SIP model is included.
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