Investment Calculator

  1. πŸ“Š What is an Investment Calculator?

    An Investment Calculator helps you estimate how your money grows over time based on:

    • Initial investment
    • Monthly contribution
    • Interest rate
    • Time period

    🎯 How to Use an Investment Calculator

    1. Enter Initial Investment
      • Example: β‚Ή10,000
    2. Enter Monthly Investment (Optional)
      • Example: β‚Ή2,000
    3. Enter Interest Rate (%)
      • Example: 10%
    4. Enter Time Period
      • Example: 5 years
    5. Click β€œCalculate”
      • Press the calculate button
    6. View Result
      • Total investment
      • Interest earned
      • Final value

    πŸ“Š Formula Used

    πŸ‘‰ Future Value = P Γ— (1 + r)^n
    πŸ‘‰ For SIP: Compound interest formula is used

    Where:

    • P = Principal amount
    • r = Interest rate
    • n = Time period

    πŸ“Š Example

    πŸ‘‰ Initial = β‚Ή10,000
    πŸ‘‰ Monthly = β‚Ή2,000
    πŸ‘‰ Rate = 10%
    πŸ‘‰ Time = 5 years

    ➑️ Final Value β‰ˆ β‚Ή1.8 – β‚Ή2 lakh (approx)


    ⚑ Common Uses

    • πŸ’° Wealth planning
    • πŸ“ˆ SIP investments
    • 🏦 Savings growth
    • πŸ“Š Financial goals
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