Find the amount a deposit or investment grows to when interest is added on interest, and compare it with simple interest on the same numbers.
Enter the principal, rate, years and compounding, then press Calculate.
Simple interest is paid on the original principal only. Compound interest is paid on the principal plus the interest already added, so the gap grows every year. The result shows both on the same numbers.
A = P × (1 + r ÷ n)^(n × t). The interest is A − P.
Compounded quarterly: ₹1,48,594.74. Compounded monthly: ₹1,48,984.57. With simple interest it would be ₹1,40,000.
Yes, a little: interest is added sooner, so it starts earning interest sooner. The difference between quarterly and monthly is small; the rate and the time matter far more.
Tax on interest (TDS) and penalties for early withdrawal are not included.
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