How to calculate daily compound interest

Daily compound interest is calculated using a simplified version of the compound interest formula. Multiply your principal amount by one plus the daily interest rate (as a decimal) raised to the power of the number of days you're investing for. Subtract the principal figure from your total if you want just the interest figure.

What is the formula for daily compound interest?

The formula used for daily compound interest, with a fixed daily interest rate, is A = P(1+r)^t where A is the future value of the investment, P is the principal investment amount, r is the daily interest rate (decimal) and t is the number of days the money is invested for.

Daily Compound Interest Calculator

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