Simple & Compound Interest Calculator
getcalc.com's Simple & Compound Interest Calculator is an online general purpose tool to calculate the simple or compound interest for the given principal amount.
Definition & Formulas
Simple Interest is a measure of time value of money to calculate the interest return for the principal amount on a certain percentage of interest rate for a specific period of time. In simple interest calculation, the principal amount never change, during the interest accumulation period.
Compound Interest is a finance function or method used in the context of time value of money calculation, often abbreviated as CI, represents the interest on the principal amount on a certain percentage of interest rate for a specific period of time with either monthly or quarterly or half-yearly or yearly compounding frequency, where the principle amount gets changed after every compounding period.