understand the difference between starting to save now or later.calculate how compounding increases your savings over time.calculate the final amount of money you will be able to save.Our compound interest calculator is a versatile tool which will help you: Compounding interest is the most basic example of capital reinvestment. It is a very powerful tool for increasing your capital and is a basic calculation related to personal savings plan or strategy, as well as long term growth of a mutual fund or a stock market portfolio. Simple Interest versus Compound InterestĬompound interest is a type of interest in which the interest amount is periodically added to the principal amount and new interest is subsequently accrued over interest from past periods.
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