Calculate compound interest with multiple compounding frequencies and compare results.
Earn interest on interest over time
| Frequency | Maturity | Interest |
|---|---|---|
| Daily | ₹1,49,180 | ₹49,180 |
| Monthly | ₹1,48,947 | ₹48,947 |
| Quarterly | ₹1,48,595 | ₹48,595 |
| Half-Yearly | ₹1,48,024 | ₹48,024 |
| Yearly | ₹1,46,933 | ₹46,933 |
Compound interest is interest calculated on the initial principal and also on the accumulated interest from previous periods.
A = Final amount, P = Principal, r = Rate, n = Compounding frequency, t = Time