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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