Monthly Compound Interest Calculator

Posted by Dinesh on 22-03-2021T02:49

Our monthly compound interest calculator helps to find out the monthly compound interest based on principal amount, rate and time.

Calculation of Monthly Compound Interest

Formula:

I = P (1 + (r / 12))^{12 x T} - P

Where,
I = Monthly Compound Interest
P = Principal
r = Rate
T = Time

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