Compound Interest Calculator
See exactly how your money grows with compound interest. Choose your compounding frequency and watch the power of time work for you.
Principal
₦500,000Total Interest Earned
₦1,511,235Effective Annual Rate (EAR)
14.934%
Year-by-Year Growth
| Year | Balance | Interest to Date |
|---|---|---|
| 1 | ₦574,671 | +₦74,671 |
| 2 | ₦660,494 | +₦160,494 |
| 3 | ₦759,133 | +₦259,133 |
| 4 | ₦872,503 | +₦372,503 |
| 5 | ₦1,002,805 | +₦502,805 |
| 6 | ₦1,152,566 | +₦652,566 |
| 7 | ₦1,324,692 | +₦824,692 |
| 8 | ₦1,522,525 | +₦1,022,525 |
| 9 | ₦1,749,901 | +₦1,249,901 |
| 10 | ₦2,011,235 | +₦1,511,235 |
An illustration using the figures you entered, for education only — not financial, investment or tax advice. Real returns depend on prices, fees and tax at the time.
Year-by-Year Growth
| Year | Balance | Interest to Date |
|---|---|---|
| 1 | ₦574,671 | +₦74,671 |
| 2 | ₦660,494 | +₦160,494 |
| 3 | ₦759,133 | +₦259,133 |
| 4 | ₦872,503 | +₦372,503 |
| 5 | ₦1,002,805 | +₦502,805 |
| 6 | ₦1,152,566 | +₦652,566 |
| 7 | ₦1,324,692 | +₦824,692 |
| 8 | ₦1,522,525 | +₦1,022,525 |
| 9 | ₦1,749,901 | +₦1,249,901 |
| 10 | ₦2,011,235 | +₦1,511,235 |
How Is This Calculated?
A = P × (1 + r/n)^(n × t)Future value (amount after interest)
Principal (initial investment)
Annual interest rate (as a decimal)
Compounding periods per year
Time in years
(1 + r/n)ⁿ − 1 — the true annual growth rate
Questions
Frequently Asked Questions
Then what
Turn the numbers into a plan
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