Compound interest calculator

Start date
Principle
Iteration type
Savings *
Interest rate * %
Total iterations

* per iteration

Iteration Date Savings/year Interest Combined Total saved
0 24-09-2017 N/A N/A N/A £1,000.00
1 24-09-2018 £1,200.00 £66.00 £1,266.00 £2,266.00
2 24-09-2019 £1,200.00 £141.06 £1,341.06 £3,607.06
3 24-09-2020 £1,200.00 £219.48 £1,419.48 £5,026.54
4 24-09-2021 £1,200.00 £301.41 £1,501.41 £6,527.95
5 24-09-2022 £1,200.00 £386.97 £1,586.97 £8,114.92
6 24-09-2023 £1,200.00 £476.31 £1,676.31 £9,791.23
7 24-09-2024 £1,200.00 £569.58 £1,769.58 £11,560.81
8 24-09-2025 £1,200.00 £666.95 £1,866.95 £13,427.76
9 24-09-2026 £1,200.00 £768.56 £1,968.56 £15,396.32
10 24-09-2027 £1,200.00 £874.59 £2,074.59 £17,470.91
11 24-09-2028 £1,200.00 £985.21 £2,185.21 £19,656.12
12 24-09-2029 £1,200.00 £1,100.60 £2,300.60 £21,956.72
TOTAL N/A £14,400.00 £6,556.72 £20,956.72 £21,956.72