Simple Interest Calculator

Simple Interest is the most basic mathematical concept used in the Finance Industry. If you used financial products other than a regular checking account in the past, then there is a chance that you might have heard about this concept before. Especially, if you did bank deposits. It is the most common example of a Simple Interest based application. Simple Interest is calculated from the following formula:-

Where,
A → Final Amount
P → Principal (Initial Amount)
r → Annual Interest Rate (in %) divided by 100
t → Time period (in years)

This App uses this formula to generate a comprehensive outlook of how your money will do in the future if its calculation involves Simple Interest. Hit the "App" tab on the top right corner to get started. If you like to take a copy of the result then click the "Down Arrow" Icon to print it as a PDF, once your result is generated. The App needs Principal, Annual Interest Rate, and time (in years) as its input for it to generate a result