# Compound Interest Calculator with Multiple Rates

Comma separated list of rates e.g 1,7.4,6

## Profit Loss:

##### Try Other calculator

Compound interest is a powerful financial concept that allows your savings to grow over time. It works by earning interest on both the initial amount you deposit (the principal) and the interest that accumulates. This means that over time, your savings can grow significantly, especially with higher interest rates and longer investment periods.

Here's how compound interest is calculated:

• You start with an initial amount called the principal.
• Each year, your savings earn a certain percentage of interest, which is added to your principal.
• As time goes on, you not only earn interest on your original principal but also on the interest that has already been added to your savings. This is what makes it "compound" interest.

The mathematical formula for compound interest is:

A = P(1 + r/n)^(nt)

• A represents the final amount of money, including interest.
• P is the principal amount (the initial amount of money).
• r is the annual interest rate (in decimal form).
• n is the number of times that interest is compounded per year.
• t is the number of years the money is invested or borrowed for.

#### Your Support Matters!

Instead of directly asking for donations, I'm thrilled to offer you all nine of my books for just \$9 on leanpub By grabbing this bundle you not only help cover my coffee, beer, and Amazon bills but also play a crucial role in advancing and refining this project. Your contribution is indispensable, and I'm genuinely grateful for your involvement in this journey!

Any private key value that you enter or we generate is not stored on this site, this tool is provided via an HTTPS URL to ensure that private keys cannot be stolen, for extra security run this software on your network, no cloud dependency