Compound interests calculator Android App

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About Compound interests calculator

This application is a simple and effective tool to calculate the compound interest.

This application allows you to calculate your compound interest to find out how much your savings are earning you.

Unlike simple interest which is not reinvested. In a compound interest investment, the interest for each period is incorporated into the capital to gradually increase it and in turn bear interest.

Features :

- Simply entry investment values
- Instant calculation result
- Breakdown graph of cumulative deposits and interest
- Compound interests graph over time for each period
- Table of cumulative interest and savings for each period

Give us your feedback to help us to improve this application (www.persoapps.net).

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Frequently Asked Questions (FAQ)

What is the purpose of this application?

The purpose of this application is to calculate compound interest.

How does this application work?

This application allows you to enter your investment values and it instantly calculates the compound interest. It also provides a breakdown graph of cumulative deposits and interest, a graph of compound interests over time for each period, and a table of cumulative interest and savings for each period.

What is compound interest?

Compound interest is the interest earned on both the initial investment and the accumulated interest from previous periods. It is reinvested to gradually increase the capital and in turn, earn more interest.

What is the difference between simple interest and compound interest?

Simple interest is not reinvested, whereas compound interest incorporates the interest earned for each period into the capital, resulting in an increasing amount of interest over time.

Can I provide feedback on this application?

Yes, you can provide feedback to help improve this application by visiting www.persoapps.net.