To find Simple Interest, **SI [Interest] = (P x R x T) / 100 **

To find Simple Principal, **P [sum] = (SI x 100) / (R x T)**

To find Simple Rate of Interest, ** R [Rate/year] = (SI x 100) / (P x T)**

To find Simple Time Duration, **T [Time] = (SI x 100) / (P x R)**

SI = Simple Interest

P = Principal or Initial amount

R = % Rate of interest per annum

T = Time Duration

Input | Description |
---|---|

Amount | It is an amount on which you want to take simple interest |

Expected rate of return | This is the percentage return per year at which you want to invest your money |

Frequency type of time duration | It is the compounding frequency of times per year the total interest is paid |

Time Duration | It can be number of years, number of months or number of days depending upon the frequency type |

Output | Description |
---|---|

Amount | It is an amount on which you want to take simple interest |

Simple interest Gained | This is the simple interest on the amount you will have by the end of invetment years |

Amount after Interest Gained | This is the total amount you will receive which is sum of your total amount invested and the simple interest you will gain |

Any issues / suggestions ?
Give us feedback
### Tell us about the issue