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Your Friend, Philosopher and Guide to Achieve Your Dream Government Job

**Compound Interest Calculator**

Compound interest is based on the principle of **Interest on Interest.** The interest is added to the principal regularly.
The interest in the next period is then calculated on the new balance amount (i.e. principal plus previously accrued interest).
It is the result of reinvesting interest.

Fixed Deposit Calculator, Term Deposit Calculator, Bonds Interest Calculator, and Time Deposit Calculator are a few financial instruments that use the compound interest principle.

**Simple Interest Calculator**

Simple interest is based on the principle of **Interest on Principal or Loan.**
It is the result of multiplication of the Principal, Time Period and Rate of Interest.

**Zero Interest Savings Calculator**
shows the amount to save regularly to meet the specific goal amount without any interest accrued.