How do I calculate compound interest?

So, if you're looking to work out compound interest, you should use our compound interest calculator instead. If you wish to calculate a figure for interest AND principal, the formula for this is A = P (1 + rt), where P is the initial principal, r is the interest rate and t is the time period.

How do you calculate compounded interest?

You can see the compounded interest by subtracting a period's worth of payment from the principal and then recalculating cell B4. The interest is 6% per annum, and the amount deposited is 500,000 on January 2016. If a member withdraws his amount on May 2016, what is the interest?

How to calculate compounded interest?

Here also we’ll use the previous dataset to calculate the weekly cumulative interest. Later, hit the Enter button to get the compounded interest. As one year is equal to 365 days, for daily compounding, we’ll divide the annual rate by 365, and to get the total daily periods, we’ll multiply the number of years by 365.