Interest Calculator

Principal Amount

Interest Rate (%)

Time (years)

Interest Type

Simple Interest

Compound Interest

Currency

Total Amount

$0.00

Principal

$0.00

Interest Earned

$0.00

Comparison

Type	Total Interest	Total Amount
Simple	$0.00	$0.00
Compound	$0.00	$0.00

Advanced Explanation

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Frequently Asked Questions

What is Simple Interest?

Simple interest is calculated using Principal × Rate × Time. It is linear and does not compound.

What is Compound Interest?

Compound interest is calculated as Principal × (1 + Rate)^Time - Principal. Interest is reinvested yearly, so growth is exponential.

Difference between Simple & Compound Interest?

Simple grows linearly, Compound grows faster over time due to reinvested interest. Compound is better for long-term investments.