What is the difference between simple and compound?

Compound interest adds interest on accumulated balance, simple interest does not.

Is annual rate converted automatically?

Yes. Monthly compounding uses annual rate divided by 12.

Can I use this for deposit projections?

Yes, it is useful for quick projection and scenario comparison.

Finance Tools

Interest Calculator (Turkey)

Calculate simple or compound interest with monthly/yearly compounding options.

Calculate

Principal (TRY)iStarting principal amount to accrue interest.

Annual Interest Rate (%)iAnnual nominal interest rate percentage.

Term (Months)iTotal term length in months.

Interest TypeiSimple or compound interest model.

Result

Maturity AmountiTotal maturity amount at the end of term.Copy

TRY 155,545.43

Total InterestiTotal interest earned over full term.Copy

TRY 55,545.43

Effective Period RateiEffective rate realized for selected period.Copy

%55.55

PrincipaliOriginal principal value.Copy

TRY 100,000.00

MonthsiTerm length used in this estimate.Copy

Raw JSON (technical)

{
  "valid": true,
  "error": "",
  "mode": "compound_monthly",
  "principal": 100000,
  "annualRatePct": 45,
  "months": 12,
  "years": 1,
  "maturityAmount": 155545.43,
  "totalInterest": 55545.43,
  "effectivePeriodRatePct": 55.55
}

How to use this tool?

Step 1

Fill in required fields and define your scenario clearly.

Step 2

Review result cards and compare key metrics.

Step 3

Copy relevant output and continue with the next tool if needed.

FAQ

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