Simple Interest Calculator
About Simple Interest Calculator
The Simple Interest Calculator is used to calculate the simple interest, which means interest paid only on the original principal, not on the interest accrued.
Simple Interest Formula
The simple interest calculation formula is as follows:
A = P(1 + rt)
Where:
A = final amount
P = principal amount (initial investment)
r = annual nominal interest rate
t = number of years
Reference this content, page, or tool as:
"Simple Interest Calculator" at https://miniwebtool.com/simple-interest-calculator/ from miniwebtool, https://miniwebtool.com/