Simple interest
PV = present value
i = interest rate
n = number of compounding periods
WHAT IS IT ?
Simple interest is a quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments.
Online calculator — enter the values and read the result on the interactive graph.
Calculator
€
%
r
Future value
–
Interactive graph
Hover the bars — height = the amount in that year.
Worked example
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Video
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