Investment Calculator
π 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
π― How to Use an Investment Calculator
- Enter Initial Investment
- Example: βΉ10,000
- Enter Monthly Investment (Optional)
- Example: βΉ2,000
- Enter Interest Rate (%)
- Example: 10%
- Enter Time Period
- Example: 5 years
- Click βCalculateβ
- Press the calculate button
- View Result
- Total investment
- Interest earned
- Final value
π Formula Used
π Future Value = P Γ (1 + r)^n
π For SIP: Compound interest formula is usedWhere:
- P = Principal amount
- r = Interest rate
- n = Time period
π Example
π Initial = βΉ10,000
π Monthly = βΉ2,000
π Rate = 10%
π Time = 5 yearsβ‘οΈ Final Value β βΉ1.8 β βΉ2 lakh (approx)
β‘ Common Uses
- π° Wealth planning
- π SIP investments
- π¦ Savings growth
- π Financial goals