Factor adjusted for Time in years when Months/Quarters/Days are selected n = 1, for Years n = 4, for Quarters n = 12, for Months n = 365, for Days
The Simple Interest Calculator allows you to calculate the simple interest you could earn when you invest a principal amount for a specific period, at a specific annual interest rate.
{
"calculator": "simple-interest-calculator",
"input_types": [
"float",
"float",
"float",
"dropdown"
],
"input_labels": [
"P",
"R",
"T",
"n"
],
"input_values": [
"10000.00",
"4.0",
"5",
"1"
],
"input_units": [
"currency",
"percentage",
"",
""
],
"extra": {
"n": {
"items": [
[
"Years",
1
],
[
"Quarters",
4
],
[
"Months",
12
],
[
"Days",
365
]
]
}
},
"intermediates": [
[
"r",
" R /100"
],
[
"t",
" T / n "
]
],
"input_descriptions": [
"Principal Amount",
"Annual Interest Rate",
"Time",
"Factor adjusted for Time in years when Months/Quarters/Days are selected<br>n = 1, for Years<br>n = 4, for Quarters<br>n = 12, for Months<br>n = 365, for Days"
],
"title": "Simple Interest",
"category": "Financial",
"formula_mathjax": "\\({\\ P r t }\\)",
"formula_mathjax_sub": "\\({\\ P * r * t }\\)",
"formula": " P * r * t ",
"op_label": "Interest",
"explanation": "The Simple Interest Calculator allows you to calculate the simple interest you could earn when you invest a principal amount for a specific period, at a specific annual interest rate.",
"template": "calculator"
}
ConvertOnline