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Ako vypočítať Simple Interest

Čo je 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.

Sprievodca krok za krokom

  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

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

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