Compound Interest Calculator

What is Compound Interest?
Albert Einstein famously called Compound Interest the "Eighth Wonder of the World." It simply means earning "Interest on Interest." Unlike Simple Interest where you earn only on your principal, here your interest also starts earning money.

The Rule of 72:
Want to know when your money will double? Divide 72 by the interest rate.
Example: At 12% return, your money doubles in 72 / 12 = 6 Years.