Cumulative Interest Calculator
What is the Cumulative Interest Calculator?
The Cumulative Interest Calculator helps you estimate the total interest earned over time when your investment earns compound interest—that is, interest on both the initial principal and the accumulated interest from previous periods.
For example, if you invest ₹10,000 at an annual interest rate of 7% for 10 years, the interest will be added to your balance each year. This tool calculates how much total interest you would earn by the end of the investment period.
How to Use the Calculator:
- Initial Amount (₹)
- Use the slider to choose how much money you want to invest.
- Range: ₹1,000 to ₹1,00,000.
- Annual Interest Rate (%)
- Use the slider to set the expected annual interest rate.
- Range: 0% to 30% (up to 1 decimal place).
- Number of Years
- Choose how long you want to keep your money invested.
- Range: 1 to 50 years.
- Click “Calculate”
- Once you’ve set your inputs, click the Calculate button.
- The result will show the Total Cumulative Interest earned.
- A line chart will visually represent how your interest grows over time.
