There are quicker methods see Compound Interest. How to calculate your interest To begin your calculation enter your starting amount along with the annual interest rate and the start date assuming it isnt today. A percentage the.
Interest principal interest rate term frequency However simple interest is very seldom used in the real world.
How to calculate compound interest A the future value of the investment P the principal investment amount r the interest rate decimal n the number of times that interest is compounded per period t the number of periods the money is invested for. Compound interest calculator Compound Interest is calculated on the initial payment and also on the interest of previous periods. Simple interest is money you can earn by initially investing some money the principal. To calculate compound interest use the formula below.