<-- Start Balance
<-- # of periods
<-- Interest rate
              

How much is 100000 worth after
1825 days
using an annual interest rate of 2%
compounded daily?

Calculate effective interest rate

There are 365 days in a year
Convert interest rate to daily
Daily Interest  =  Annual Interest Rate
  Compounding Periods

Daily Interest  =  0.02
  365

Daily Interest = 5.4794520547945E-5

Calculate Accumulated Balance

A = B(1 + i)n
where A = accumulated balance
B = opening balance
i = Daily interest rate
and n = number of periods

Plugging in our values

A = 100000(1 + 5.4794520547945E-5)1825
A = 100000(1.0000547945205)1825
A = 100000(1.105167890325)
A = 110,516.79

How much interest was earned?

Interest Earned = Accum. Value - Start Balance

Plug in our values

Interest Earned = 110,516.79 - 100,000.00
Interest Earned = 10,516.79



A = 110,516.79
Interest Earned = 10,516.79



What is the Answer?
A = 110,516.79
Interest Earned = 10,516.79
How does the Compound Interest Accumulated Balance Calculator work?
Free Compound Interest Accumulated Balance Calculator - Given an interest rate per annum compounded annually (i), semi-annually, quarterly, monthly, semi-monthly, weekly, and daily, this calculates the accumulated balance after (n) periods
This calculator has 3 inputs.

What 1 formula is used for the Compound Interest Accumulated Balance Calculator?

Bn = Bn - 1(1 + i)

For more math formulas, check out our Formula Dossier

What 5 concepts are covered in the Compound Interest Accumulated Balance Calculator?

compound interest
the interest you earn on principal and interest
A = (1 + r/n)nt
compound interest accumulated balance
interest rate
the proportion of a loan that is charged as interest to the borrower or proportion of principal credit given to a depositor
principal
The amount borrowed on a loan, before interest is charged
yield
How much an investment returns in terms of interest rate
Example calculations for the Compound Interest Accumulated Balance Calculator

Compound Interest Accumulated Balance Calculator Video


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