Simple interest is simply calculated finding the product of the principal amount borrowed or lent the rate of interest and the term or repayment period of the loan. Simple interest is calculated only on the original sum of money which is known as the principal. Simple Interest Principal Interest Rate Time Period.
Simple Interest is calculated only on the principal amount or on that portion of the principal amount which remains unpaid 1 Simple Interest SI formula.
Using the simple interest formula for future value. A P1 rt where P is the Principal amount of money to be invested at an Interest Rate R per period for t Number of Time Periods. Use this simple interest calculator to find A the Final Investment Value using the simple interest formula. R r 100.