In this article:

Google Sheets Compound Interest Formula (2024 Guide)

How to Calculate Compound Interest in Google Sheets

Google Sheets does not have a native formula specifically for calculating compound interest. However, you can easily create the calculation using standard mathematical functions. To calculate compound interest in Google Sheets, follow these steps:

Step 1: Input Initial Data

In cell A2, enter the principal amount (e.g., $1000).

In cell B2, enter the annual interest rate (as a decimal, so for 5%, enter 0.05).

In cell C2, enter the number of times the interest is compounded per year (e.g., 12 for monthly).

In cell D2, enter the number of years for the investment (e.g., 5 years).

Below is an example:

google sheets compound interest

Step 2: Enter Compound Interest Formula

In cell E1, enter the following formula for compound interest:


This formula represents the compound interest formula A(1 + r/n)^(nt), where A is the principal amount, r is the annual interest rate, n is the number of times interest is compounded per year, and t is the number of years.

compound interest google sheets

Step 3: Calculate and View Results

After entering the formula, press Enter. The cell E1 will display the final amount after interest.

Step 4: Adjusting Values

You can change the values in cells A2, B2, C2, and D2 to see how different rates, times, and durations affect the compound interest.

We hope that this article has helped you and given you a better understanding of how to calculate compound interest in Google Sheets. If you enjoyed this article, you might also like our articles on how to clear all filters in Google Sheets and how to insert a check mark in Google Sheets.

Automate repetitive tasks with Lido

Save hours on repetitive and tedious work. Lido is a new spreadsheet that connects your spreadsheets, forms, PDFs, and email inbox.

Select trigger
When a cell value in Google Sheets changes
Check Google Sheets for today's date
When a new row is added to Google Sheets
On new Google Form submission
Send me a daily reminder
On new Typeform submission
When a cell value in database changes
Check database for today's date
When a new row is added in database
When a new HubSpot customer is created
Select action
Creates a one- or multiple-day calendar event with optional attendees
Adds an object to Hubspot
Create a Slack channel, and optionally add a topic or members
Makes any HTTP request
Replaces [@column_name] values in a Google Doc with the corresponding table row's values
Replaces [@column_name] values in a Google Doc with the corresponding table row's values, then export it as a PDF
Makes any HTTP request and returns the response
Inserts given array below defined values in given worksheet
Sends an email using your Google account
Sends an email using your Microsoft Outlook account
Sends a Slack message
Sends an SMS message using your Twilio account
Updates cells with given values
Updates a property of a Hubspot object
Trigger is required
Action is required
Get started