Calculate Principal Amount solve for P P A 1 rn. If an amount of 5000 is invested at a yearly interest rate of 5 with no compounding simple interest its value after 3 years can be calculated as follows. Interest paid in year 1 would be 60 1000 multiplied by 6 60.
For example if the annual interest rate is 8 percent you would divide 8 by 100 to get 008.
The calculation of simple interest is equal to the principal amount multiplied by the interest rate multiplied by the number of periods. Monthly Interest Calculator is an online personal finance planning tool used to calculate the total simple or compound interest total repayment and annual percentage rate according to the input values of Principal Time period in Months Interest Rate and Interest Type. Principal x Rate. If an amount of 5000 is invested at a yearly interest rate of 5 with no compounding simple interest its value after 3 years can be calculated as follows.