A Compound Interest Calculator helps you understand how your savings or investments grow over time by reinvesting interest. It’s useful for bank savings, fixed deposits, or long-term investments.
Unlike simple interest, compound interest grows your money faster because you earn interest on both the principal and accumulated interest.
💡 Quick Tips:
- Higher compounding frequency = faster growth.
- Longer time = bigger benefits of compounding.
- Great for planning retirement or children’s education funds.