Cum se calculează Simple Interest
Ce este 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.
Ghid pas cu pas
- 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
Exemple rezolvate
Intrare
$1,000 at 5% for 2 years
Rezultat
$100 interest
A = $1,100
Intrare
$500 at 3% for 18 months
Rezultat
$22.50 interest
t=1.5 years
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