Compound interest

Use Hootloot's compound interest calculator to understand the power of compounding.

Compounding is when interest is calculated on interest that has been carried over (rolled up) from previous periods. Over time compounded balances grow larger at a faster and faster rate.

Your information
Current saving balance
Weekly saving
Interest rate (%)

Saving time (years)

(Enter 2.5 for 2½ years)

Currency

We guessed it, but you can change it if you want

Your results
You started off with:
You saved an additional:
Giving you a total of:
However if you include interest of:
You would have a total of:

Would you like to see the calculations?  Show me

Disclaimer: These calculators are provided for illustrative and educational purposes only. They are not intended to provide specific advice or recommendations. Hootloot assumes no responsibility for any errors and makes no representations or warranties with respect to these calculators.

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