Calculate compound growth or decline over multiple periods. Example: A 10% annual increase over 3 years on $100 gives $133.10.
Frequently Asked Questions
What is compound percentage?
Compound percentage refers to the repeated application of a percentage increase or decrease over multiple periods. It’s commonly used in interest calculations, population growth, and financial forecasting.
How is compound percentage calculated?
Compound percentage is calculated using the formula: Final Value = Initial Value × (1 + Rate/100)Time. This considers growth or decline over several periods.
What’s the difference between compound and simple percentage?
Simple percentage applies only once on the base value, while compound percentage builds on each previous result, making it ideal for long-term growth or decline projections.
Can this calculator be used for compound interest?
Yes, this compound percentage calculator is suitable for computing compound interest over any duration using a fixed rate of interest.