Results
| Year | Balance at Start of Year | Debits in Year | Total Debits | Interest In Year | Total Interest | Balance at end of Year | Balance at end of Year Inflation Adjusted |
|---|---|---|---|---|---|---|---|
| 1 | £10,000.00 | £1,200.00 | £11,200.00 | £653.13 | £653.13 | £11,853.13 | £11,616.07 |
| 2 | £11,853.13 | £1,200.00 | £12,400.00 | £766.80 | £1,419.93 | £13,819.93 | £13,311.21 |
| 3 | £13,819.93 | £1,200.00 | £13,600.00 | £887.52 | £2,307.45 | £15,907.45 | £15,090.76 |
| 4 | £15,907.45 | £1,200.00 | £14,800.00 | £1,015.62 | £3,323.07 | £18,123.07 | £16,960.25 |
| 5 | £18,123.07 | £1,200.00 | £16,000.00 | £1,151.55 | £4,474.62 | £20,474.62 | £18,925.56 |
| 6 | £20,474.62 | £1,200.00 | £17,200.00 | £1,295.88 | £5,770.50 | £22,970.50 | £20,993.01 |
| 7 | £22,970.50 | £1,200.00 | £18,400.00 | £1,449.06 | £7,219.56 | £25,619.56 | £23,169.23 |
| 8 | £25,619.56 | £1,200.00 | £19,600.00 | £1,611.60 | £8,831.16 | £28,431.16 | £25,461.22 |
| 9 | £28,431.16 | £1,200.00 | £20,800.00 | £1,784.13 | £10,615.29 | £31,415.29 | £27,876.44 |
| 10 | £31,415.29 | £1,200.00 | £22,000.00 | £1,967.22 | £12,582.51 | £34,582.51 | £30,422.78 |
About the Compound Interest Calculator
Compound interest is the effect of collecting interest on previous interest.
With this calculator, any deposits and withdrawals are applied at the start of each month; Interest is calculated at the end of each month, and applied based on the frequency
Please note: This calculator is not guarenteed to be 100% accurate and is only provided to illustrate the compounding affect of interest.
API
You can access the compound interest calculator results using this JSON API endpoint: