# Monthly Compound Interest Calculator

Compound interest is the interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan. This is an online CI calculator monthly to calculate the monthly compounded interest. Just enter the given principal amount, interest rate and the time period (in years) in this monthly compound interest calculator, the tool will fetch you the result. The rate of interest differs for that of a simple interest and compound interest.

Compound interest is the interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan. This is an online CI calculator monthly to calculate the monthly compounded interest. Just enter the given principal amount, interest rate and the time period (in years) in this monthly compound interest calculator, the tool will fetch you the result. The rate of interest differs for that of a simple interest and compound interest.

Code to add this calci to your website

#### Formula:

I = P (1 + (r / 12))^{12 x T} - P
**Where,**
I = Monthly Compound Interest
P = Principal
r = Rate
T = Time
### Example:

Calculate the monthly compound interest of an investment which is made for a period of 3 years with the principal amount of Rs. 25000 at the rate of interest of 5 %.

#### Solution:

I = P (1 + (r / 12))^{12 x T} - P

= 25000 (1 + (0.05 / 12))^{12 x 3} - 25000

Monthly Compound Interest = Rs. 4036.81