Simple Interest Calculator
FinanceCalculate simple interest and future value with no compounding.
Interest Earned
Simple interest earned, with no compounding -- interest is calculated only on the original principal.
Future Value
$1,125.00
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Creators
Odeh Ahwal0people find this calculator helpful
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Saved
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Frequently Asked Questions
How is simple interest calculated?
Interest = Principal x Annual Rate x Time (in years). Unlike compound interest, simple interest is always calculated on the original principal only, never on previously earned interest.
How is simple interest different from compound interest?
Simple interest grows linearly (the same dollar amount each year); compound interest grows exponentially, since each period's interest is calculated on a growing balance that includes prior interest.
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