Enter the principal amount, interest rate, compounding frequency, and time period to calculate the compound interest. Select whether the interest rate is per year or per month.
Formula: The compound interest is calculated using the formula:
A = P (1 + r/n)^(nt)
Where:
The calculator adjusts the interest rate and compounding frequency based on the user's input to ensure accurate calculation. The total interest earned and the total amount after interest are displayed as the results.