Compound Interest Calculator
Calculate the effect of compound interest on your savings
Results
| Year | Debits in Year | Interest In Year | Balance at end of Year |
|---|---|---|---|
| 1 | £1,200.00 | £653.13 | £11,853.13 |
| 2 | £1,200.00 | £766.80 | £13,819.93 |
| 3 | £1,200.00 | £887.52 | £15,907.45 |
| 4 | £1,200.00 | £1,015.62 | £18,123.07 |
| 5 | £1,200.00 | £1,151.55 | £20,474.62 |
| 6 | £1,200.00 | £1,295.88 | £22,970.50 |
| 7 | £1,200.00 | £1,449.06 | £25,619.56 |
| 8 | £1,200.00 | £1,611.60 | £28,431.16 |
| 9 | £1,200.00 | £1,784.13 | £31,415.29 |
| 10 | £1,200.00 | £1,967.22 | £34,582.51 |
After 10 years:
- You will have deposited £22,000.00, and generated £12,582.51 of interest.
- You will have a balance of £34,582.51 with an inflation adjusted value of £30,422.78