Finance: Simple Interest Calculator


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            Finance: Simple Interest Calculator
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Price:
Free
Category:
Developer/Website:
Neo84 /
Requirements:
x86, x64, ARM
Age:
Age rating: 12+
Release Notes:
Download
Publisher`s description - Finance: Simple Interest Calculator

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The simple interest formula is used to calculate the interest accrued on a loan or savings account that has simple interest. The simple interest formula is fairly simple to compute. Lets say that P is your starting principal , R is the interest rate (expressed as a decimal), and N is the number of years you invest. Then your future value will be:

P (1 + R*N) (Simple Interest)
 
 




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