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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.
Use this loan calculator for a simple calculation of your monthly payment along with interest paid on the loan. Create and print a loan amortization schedule. This calculator assumes interest compounding occurs monthly.
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.
A simple interest calculator provides a quick and easy way to calculate the interest on a loan given the principal value, interest rate, and number of time periods. Simple interest differs from compound interest in that interest is not paid on prior interest.
The simple interest calculator allows you to determine the amount of interest you can receive or pay over the life of your loan. This calculator comes in handy for analyzing different types of loans when determining the projected interest you get from lending money.
Simple Interest Calculator. Our online tools will provide quick answers to your calculation and conversion needs. On this page, you can calculate simple interest (SI) given principal, interest rate and time duration in days, months or years.
Use Bankrate's loan interest calculator to find out your total interest on any loan.
The loan interest calculator (or interest calculator on loan) is a simple tool that helps you estimate the interest on your loan. In addition, you can check the loan's balance including periodic interest and principal payments in the loan amortization schedule.
Formula #1. I = Prn. Interest (I) = Principal (P) times Rate Per Period (r) times Number of Periods (n) Divide an annual rate by 12 to get (r) if the Period is a month. You'll often find the formula written using an annual interest rate where the number of periods is specified in years or a fraction of a year. Formula #2. I = Prt.