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Как да изчислим Simple Interest

Какво е Simple Interest?

Simple interest is calculated only on the original principal, not on accumulated interest. It grows linearly with time, unlike compound interest which grows exponentially.

Ръководство стъпка по стъпка

  1. 1Interest I = P × r × t
  2. 2Total amount A = P + I = P(1 + rt)
  3. 3r must be in decimal form (5% = 0.05)
  4. 4t must be in years

Worked Examples

Вход
$1,000 at 5% for 2 years
Резултат
$100 interest
A = $1,100
Вход
$500 at 3% for 18 months
Резултат
$22.50 interest
t=1.5 years

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