PLAIN FIGURES/04 / COMPOUND INTEREST

Compound Interest Calculator

See how interest compounds over time. Choose your compounding frequency and compare the effective annual rate against the nominal rate.

Parameters
Β£
%
years
Compounding Frequency
Results
Final Amount
Β£16,470
Principal
Β£10,000
Interest Earned
Β£6,470
65% gain
Effective Annual Rate (EAR)
5.12%
accounts for compounding frequency
Growth Over Time
Y1
Β£10,512
Y3
Β£11,615
Y5
Β£12,834
Y7
Β£14,180
Y9
Β£15,668
Y10
Β£16,470