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",
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],
"input_labels": [
"P",
"R",
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],
"input_values": [
"10000.00",
"4.0",
"5",
"1"
],
"input_units": [
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"",
""
],
"extra": {
"n": {
"items": [
[
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],
[
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4
],
[
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],
[
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365
]
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}
},
"intermediates": [
[
"r",
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],
[
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],
"input_descriptions": [
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"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"
}