Calculate the total value of an investment that utilizes simple interest with this Simple Interest Calculator.
What is simple interest and how do you find use simple interest?
To find the final value of an investment use this simple interest
formula:
Investment Value = P(1 + rt)
P = Principal Value
r = Yearly Interest Rate in decimal form ( example: 5% in decimal form
is .05 )
t = The life of the loan, in years.
Example: An original investment of $5,000 held for 3.5 years at an
interest rate of 5% would result in the following values.
Investment Value = $5,000 x ( 1 + .05*3.5)
Investment Value = $5,875.00
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