Compare both growth methods side by side — based on current UAE rules. Adjust the inputs and press Calculate.
Fill in the form and press Calculate to see your result here.
Simple interest is calculated only on the original principal for the whole period. Compound interest is recalculated on the principal plus any interest already earned, at each compounding interval — which is why it grows faster over time.
Simple interest = P × r × t
Compound value = P × (1 + r/n)^(n×t)
where P is the principal, r is the annual rate (as a decimal), t is time in years, and n is the number of times interest compounds per year.
Most UAE savings and fixed deposit products use compound interest, typically compounding monthly or quarterly — check your specific product's terms.
The more often interest compounds (monthly vs. annually, for example), the higher your final balance will be for the same nominal annual rate, because interest starts earning its own interest sooner.