Finance
Simple Interest Total
Final amount with simple interest.
Formula
Formula
A = P(1 + r·t)
Variables
| Symbol | Definition | Type & range | Units | Role |
|---|---|---|---|---|
| P | principal | real number (ℝ) | — | input |
| r | rate | real number (ℝ) | — | input |
| t | years | real number (ℝ) | — | input |
Try it yourself
Interactive calculator
Worked examples
Example 1
Givenprincipal = 1000, rate (%) = 5, years = 3
Result1150
Example 2
Givenprincipal = 2000, rate (%) = 4, years = 5
Result2400