Compound Interest Calculator
Einstein is reputed to have said: “Compound interest is the eighth wonder of the world. He who understands it, earns it…he who doesn't…pays it.”
What is Compounding ?
We are all familiar with linear figures, such as your Salary. Unless you get a raise your Salary is going to be the same amount, week in and week out. Compounding is a similar thing, where your calculation base changes at an interval, Yearly, Half Yearly, Quarterly etc
Over a decade if your money doubles from Rs100 to Rs 200 by adding Rs10 each year; then through the growing base same Rs100 becomes Rs 350. Add 10 more years and you’re up to Rs 850. This is called compounding
Check our calculator to estimate the approximate value of your Investments over a period - must choose the compounding frequency for your reference