Simple Interest & Compound Interest Calculator
Annual compounding for Compound Interest — Year-by-year breakdown included
Mode
Simple Interest
Compound Interest (Annual)
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Year-by-Year Breakdown
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Notes
• Simple Interest: Interest = P × R × T / 100 (same each year).
• Compound Interest (Annual): Interest compounds once per year: A = P × (1 + R/100)^T.
• Breakdown shows how amount grows each year.
• Compound Interest (Annual): Interest compounds once per year: A = P × (1 + R/100)^T.
• Breakdown shows how amount grows each year.