### What is an Online Compound Interest Calculator?

Centre Point School International’s Online Compound Interest calculator is a digital tool designed specifically to help students accurately calculate compound interests without making any errors or worrying about miscalculations.

How to Find Compound Interest on Calculator?

### Here are the steps to use the Centre Point School International Compound Interest Calculator online:

**Step 1:** Enter the numbers in the mentioned input fields.

**Step 2:** Click the ‘Submit’ button to allow the tool to conduct calculations

**Step 3:** Within a few seconds the tool will provide accurate compound interest calculations.

## Compound Interest Calculator

Principal :

Interest Rate :

Term of Loan :

### What is meant by Compound Interest?

Compound interest is the interest calculated on both the principal amount and the interest earned or accumulated over a specific time period. The term ‘Compounding’ refers to the accumulation of interest over time.

### Formula To Find Compound Interest

The formula for calculating Compound interest is:

Compound Interest = Amount – Principal

A = P (1+r/n)nt

Note:

P is the principal amount.

R is the rate of interest.

T is the total time period.

n is the number of times interest is increased or compounded in a year.

### How to Calculate Compound Interest?

To determine compound interest for any given situation, use the above-mentioned formula. Let us take a few simple examples to practically understand the concept

Example 1

A= ?

P= Rs 1,000

T= 3 years

R= 5 %

### Compound Interest Formula = A = P (1+r/n)nt

1000 ( 1 + 0.05/1) 1 x 3 = Rs 1,157.63

Example 2

A= ?

P= Rs 2,000

T= 5 years

R= 6 %

Compound Interest Formula = A = P (1+r/n)nt

2000 ( 1 + 0.06/1) 1 x 5 = Rs 2,676.45

### FAQs

**Q1. How can one calculate compound interest?**

Centre Point School International’s online Compound Interest calculator is a calculating tool that offers accurate and reliable solutions to given situations within a few seconds. Use the compound calculating tool today to quickly and effectively get answers to your math problems.

**Q2. What is the formula of compound interest?**

The basic formula for calculating compound interest is: A = P (1+r/n)nt

** Q3. How do I calculate compound interest monthly? **

Using the basic formula of compound interest: A = P (1+r/n)nt, you can easily calculate monthly compound interest. In this situation, the value of ‘n’ will be 12 to calculate a monthly compounding figure.