MathishaGammanpila

Interest Rate Converter

“12% p.a.” means five different things depending on how often it compounds. Enter a rate and what it is, and get every other version of the same rate — the one comparison banks hope you won't make.

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% p.a.
Rs

Same rate, every convention

What compounding does to the amount

All rows start from the same effective annual rate, so the amounts are identical — that is the point. A 12% monthly-compounded deposit and a 12.68% annually-compounded one are the same deal. Differences only appear when the quoted number is the same but the compounding is not.

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