Interest Calculator

Calculate simple and compound interest on your investments

Investment Details

Principal Amount

Interest Rate

Time Period

years

Interest Type

Final Amount

$5,675.00

After 3 years

Interest Earned

$675.00

Simple Interest

Investment Breakdown

Principal

$5,000.00

Interest

$675.00

Calculation Details

Interest TypeSimple Interest

Effective Annual Rate4.50%

Return on Investment13.50%

Simple vs Compound Interest

Simple interest is calculated only on the principal amount, while compound interest is calculated on the principal plus accumulated interest. Compound interest grows faster over time.