Daily Compound Interest Calculator

Posted by Dinesh on

Daily compounding means that the bank pays you a little bit of interest every day, adds it to your balance and pays the next day's interest on the higher balance. This compounding interest calculator shows how compounding can boost your savings over time.

Calculation of Daily Compound Interest


I = P (1 + (r ÷ 365))365 × T - P

I = Daily Compound Interest
P = Principal
r = Rate
T = Time