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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.
Calculate interest, principal, rate or time using the simple interest formula I=Prt. Calculator for a simple interest loan or investment with no compounding.
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 simple interest formula is used to calculate the interest accrued on a loan or savings account that has simple interest. The simple interest formula is fairly simple to compute and to remember as principal times rate times time.
Calculate simple interest by using the formula I = Prt. In this formula, “I” equals the interest amount, “P” equals principal (the starting balance), “r” equals the interest rate and “t” equals...
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.
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