Compound Interest with Monthly Contributions Calculator

Determine the maturity value of compound interest with additional monthly deposits at custom compounding frequencies.

Inputs

Initial Principal (₹)

01,00,00,000

Monthly Deposit (₹)

010,00,000

Interest Rate (% p.a.)

0.150

Tenure (Years)

140

Compounding Frequency

Calculation Results

Total Amount Invested

₹70,000

Total Interest Earned

₹18,865

Future Maturity Value

₹88,865

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Formula & Mathematical Explanation

\displaystyle A_m = (A_{m-1} + C) \times (1 + i)

Calculates interest accrued monthly, adding it to the compounded balance at standard intervals (annually, quarterly, monthly) while incorporating recurring deposits.