You can use the following Simple Interest Calculator. An example of a simple interest calculation would be a 3 year saving account at a 10 rate with an original balance of 1000. Simple Interest Equation Principal Interest A P1 rt Where.
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Simple interest is money earned or paid that does not have compounding. Stay Home Stay Safe and keep learning. Get your calculator and check to see if youre right. Simple interest formula - a formula to calculate interest paid only on the principal amount.