Example:
Start_Capital = 10000
Interest_Rate = 5 && Percent per year or other period
Periods = 10 && Years or other periods
End_Capital = Start_Capital * (1 + Interest_Rate/100)^Periods
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To calculate an interest (as money), multiply the capital, times the interest rate (divided by 100, if it is expressed in percent), times the number of periods. The above assumes simple interest; compound interest is a bit more complicated.
There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.
There is no carrot in the compound interest formula!
Compound interest
It depends on which compound interest formula you mean. Refer to the Wikipedia Article on "Compound Interest" for the correct terminology.