Simple interest calculator

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The following simple interest calculator will help you determine how much interest you can earn when investing your money with a company.


Principal or money invested:    $

Annual interest rate:                    %

Time:     Years Months              

  

The simple interest is :                

Guidelines to use the calculator

When entering numbers, do not use a slash: "/" or "\"

First, enter the principal.

The principal is the money you invest with your bank or any investment company.

Second, enter the interest rate

The interest rate is the amount of money you get paid yearly for every 100 dollars you invest

Finally, enter the time. You have the choice to enter it in years or months

Compound interest calculator