Thus after three years compound interest will have amounted to 808 in addition to the original 5000 deposit. Interest may be computed as simple interest which is calculated by multiplying the amount of money borrowed by the interest rate and the length of the loan. 1 - Select the item youd like to solve for.
Once you click the calculate button the simple interest calculator will show you.
Calculate the maturity amount and interest earned on the basis of your monthly deposit. R r 100 t Time Periods involved. To calculate simple interest use this formula. Simple Interest Calculation in Deposits.