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Interest Rate Calculator

Use this free Interest Rate Calculator to find the fixed rate needed to reach your savings goal. Simple, accurate, and easy to use online.

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INPUT VALUES

Present Value10000
Future Value20000
Time Period10

Formula & Calculation Method

Formula Used

CAGR = (FV / PV)^(1/n) - 1

Variable Explanation

  • CAGR: Compound Annual Growth Rate
  • FV: Future Value
  • PV: Present Value
  • n: Number of Years

Step-by-Step Calculation

  1. 1. Divide the Future Value by the Present Value.
  2. 2. Take the nth root of the result (where n is years).
  3. 3. Subtract 1 to find the decimal rate.
  4. 4. Multiply by 100 to get the percentage.

Interpretation Notes

This calculates the geometric mean return, assuming steady growth over the period.

About the Interest Rate Calculator

The Interest Rate Calculator is designed to help you make quick, accurate financial decisions. Whether you are planning for the future or managing current expenses, this free tool provides the clarity you need.

Use this free Interest Rate Calculator to find the fixed rate needed to reach your savings goal. Simple, accurate, and easy to use online.

Key Features

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Instant Accuracy

Get precise results immediately without complex manual calculations.

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100% Free

No hidden fees, subscriptions, or login required.

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Secure & Private

Your data stays in your browser and is never stored on our servers.

Frequently Asked Questions

Is this calculator free to use?â–¼

Yes, this tool is completely free and available 24/7 for all your financial planning needs.

Do I need to install any software?â–¼

No. The calculator runs entirely in your web browser, compatible with desktop and mobile devices.

How accurate are the results?â–¼

We use standard industry formulas for all calculations to ensure high accuracy. However, results should be used for estimation and planning purposes.