
Compound interest is an important concept to understand in the world of finance. It is the rate at which your investment or loan balance grows over time. To calculate Compound interest, you need to know the principal amount, the interest rate and the number of compounding periods. You can use the Compound interest formula to calculate the amount of money you will accumulate over time.

The Compound interest formula is relatively simple and straightforward. It is: A = P (1 + (r/n))^(nt), where A is the amount of money accumulated after n years, P is the principal amount (your initial deposit), r is the annual rate of interest and n is the number of times the interest is compounded per year. By understanding the formula and how it works, you can calculate the amount of Compound interest you will earn over time.

Calculating Compound interest can be tricky, but there are several tools available to help you. There are a number of online calculators that you can use to quickly and easily calculate Compound interest. CNBC Make It's Compound interest calculator is a great tool to help you estimate your savings over time. You can also find other Compound interest calculators online, such as those offered by banks and financial institutions.