learn.howToCalculate
learn.whatIsHeading
Simple interest is calculated only on the original principal, not on accumulated interest. It grows linearly with time, unlike compound interest which grows exponentially.
ଷ୍ଟେପ୍-ଷ୍ଟେପ୍ ଗାଇଡ୍ |
- 1Interest I = P × r × t
- 2Total amount A = P + I = P(1 + rt)
- 3r must be in decimal form (5% = 0.05)
- 4t must be in years
ସମାଧାନ ହୋଇଥିବା ଉଦାହରଣ
ଇନପୁଟ୍
$1,000 at 5% for 2 years
ଫଳ
$100 interest
A = $1,100
ଇନପୁଟ୍
$500 at 3% for 18 months
ଫଳ
$22.50 interest
t=1.5 years
learn.ctaText
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