Simple vs. Compound Interest
See how compounding changes an initial deposit over time.
Open calculator →Compare a quick doubling-time estimate with the exact compound-growth formula.
Change a number. Your estimate updates automatically.
A mathematical shortcut compared with exact constant growth.
Constant-rate illustration. Taxes and fees are excluded. Returns can vary or be negative; this is not a guaranteed outcome.
Approximate doubling time = 72 ÷ annual percentage return. Exact doubling time = ln(2) ÷ ln(1 + r), where r is the return as a decimal.
At 7%, the shortcut gives about 10.29 years. The exact constant-growth result is about 10.24 years.
No. A balance does not double through constant growth at a zero or negative rate without deposits. This tool assumes a positive return and no contributions or withdrawals.
Yes. Download CSV includes inputs and projections. You can also print the results.
Explore related calculations with the same clear inputs and detailed results.
See how compounding changes an initial deposit over time.
Open calculator →Convert a nominal annual rate into an effective annual yield.
Open calculator →Compare two plans with different rates, deposits, and timeframes.
Open calculator →