Compound interest calculator helps calculated compound interest on a particular amount, borrowed or invested by an individual based on the times it is to be compounded each year.
For an example in the above given compound interest calculation:
An individual who has borrowed or invested Rs.50000/- for 6 years
at the compound interest rate of 8% per annum
while the interest to be compounded 2 times (half yearly) per annum
will have a compound interest of Rs.30051.61/- on the principal
and the total compounded amount be Rs. 80051.61/-.