Simple & compound interest calculator
See how much difference compounding makes over time.
Example result
- Amount with compound interest
- ₹2,15,892
- Amount with simple interest
- ₹1,80,000
- Compound interest
- ₹1,15,892
- Simple interest
- ₹80,000
- Extra from compounding
- ₹35,892
Year-by-year
| Year | Simple | Compound |
|---|---|---|
| 1 | ₹1,08,000 | ₹1,08,000 |
| 2 | ₹1,16,000 | ₹1,16,640 |
| 3 | ₹1,24,000 | ₹1,25,971 |
| 4 | ₹1,32,000 | ₹1,36,049 |
| 5 | ₹1,40,000 | ₹1,46,933 |
| 6 | ₹1,48,000 | ₹1,58,687 |
| 7 | ₹1,56,000 | ₹1,71,382 |
| 8 | ₹1,64,000 | ₹1,85,093 |
| 9 | ₹1,72,000 | ₹1,99,900 |
| 10 | ₹1,80,000 | ₹2,15,892 |
How this is calculated
Simple: A = P × (1 + r × t)Compound: A = P × (1 + r ÷ n)n × t
Questions
What is the difference?
Simple interest is paid only on the original amount. Compound interest is also paid on interest already earned, so the gap widens every year.
Estimates for educational purposes only. Not financial, tax or investment advice.