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Interest that earns interest.
Total amount
₹2,15,892
₹2.16 lakh
interest compounded yearly
Compound interest is interest earned on both your principal and the interest already added. The more often it compounds, the faster it grows.
A = P × (1 + r/n)^(n × t)
Results are illustrations based on the inputs you choose. Returns are not guaranteed and actual outcomes will vary. This is education, not advice.