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This calculator computes the simple interest and end balance of a savings or investment account. It also calculates the other parameters of the simple interest formula.
On this page, you can calculate simple interest (SI) given principal, interest rate and time duration in days, months or years. We have made it easy for you to enter daily, weekly, monthly or annually charged interest rates. e.g., 2% interest per month, 5% per week, 10% per year
Calculate interest, principal, rate or time using the simple interest formula I=Prt. Calculator for a simple interest loan or investment with no compounding.
To use our simple interest calculator, enter your starting balance, along with the annual interest rate and the start date (assuming it isn't today). Then, enter either a number of years, months or days that you wish to calculate for or an end date.
Our simple interest calculator calculates monthly payments on an interest-only loan. Just provide the interest percentage, and you'll know how much that loan costs.
The following formula can be used to find out the compound interest: A = final amount including interest, P = principal amount, r = annual interest rate (as decimal), n = number of compounds per year, t = number of years. Use this handy calculator to find out the simple or compound interest.
The simple interest calculator computes the interest amount and ending balance for savings. Definitions and examples are included.