Final Amount of Simple Interest Calculator

✖Principal Amount of Simple Interest is the amount invested, borrowed, or lent initially at a fixed rate for a given duration of time.ⓘ Principal Amount of Simple Interest [P_Annual]			+10% -10%
✖The Annual Rate of Simple Interest is the percent of the simple interest paid over the principal amount for the due period.ⓘ Annual Rate of Simple Interest [r_Annual]			+10% -10%
✖Time period of Simple Interest is the number of years for which the principal amount is invested/borrowed/lent at a fixed rate of interest.ⓘ Time Period of Simple Interest [t_Annual]			+10% -10%

✖Final Amount of Simple Interest is the total amount received or paid back, including the amount invested or borrowed initially, and Simple Interest on it for a given duration of time at a fixed rate.ⓘ Final Amount of Simple Interest [A_Annual]

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Formula

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Final Amount of Simple Interest

Formula

`"A"_{"Annual"} = "P"_{"Annual"}*(1+("r"_{"Annual"}*"t"_{"Annual"})/100)`

Example

`"1200"="1000"*(1+("10"*"2Year")/100)`

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Final Amount of Simple Interest Solution

STEP 0: Pre-Calculation Summary

Formula Used

Final Amount of Simple Interest = Principal Amount of Simple Interest*(1+(Annual Rate of Simple Interest*Time Period of Simple Interest)/100)
A_Annual = P_Annual*(1+(r_Annual*t_Annual)/100)
This formula uses 4 Variables

Variables Used

Final Amount of Simple Interest - Final Amount of Simple Interest is the total amount received or paid back, including the amount invested or borrowed initially, and Simple Interest on it for a given duration of time at a fixed rate.
Principal Amount of Simple Interest - Principal Amount of Simple Interest is the amount invested, borrowed, or lent initially at a fixed rate for a given duration of time.
Annual Rate of Simple Interest - The Annual Rate of Simple Interest is the percent of the simple interest paid over the principal amount for the due period.
Time Period of Simple Interest - (Measured in Year) - Time period of Simple Interest is the number of years for which the principal amount is invested/borrowed/lent at a fixed rate of interest.

STEP 1: Convert Input(s) to Base Unit

Principal Amount of Simple Interest: 1000 --> No Conversion Required
Annual Rate of Simple Interest: 10 --> No Conversion Required
Time Period of Simple Interest: 2 Year --> 2 Year No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

A_Annual = P_Annual*(1+(r_Annual*t_Annual)/100) --> 1000*(1+(10*2)/100)

Evaluating ... ...

A_Annual = 1200

STEP 3: Convert Result to Output's Unit

1200 --> No Conversion Required

FINAL ANSWER

1200 <-- Final Amount of Simple Interest

(Calculation completed in 00.004 seconds)

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Created by Dhruv Walia

Indian Institute of Technology, Indian School of Mines, DHANBAD (IIT ISM), Dhanbad, Jharkhand

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The National Institute of Engineering (NIE), Mysuru

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< 2 Final Amount of Simple Interest Calculators

Final Amount of Simple Interest

Go Final Amount of Simple Interest = Principal Amount of Simple Interest*(1+(Annual Rate of Simple Interest*Time Period of Simple Interest)/100)

Final Amount of Simple Interest given Simple Interest

Go Final Amount of Simple Interest = Principal Amount of Simple Interest+Simple Interest

< 5 Annual Simple Interest Calculators

Final Amount of Simple Interest

Go Final Amount of Simple Interest = Principal Amount of Simple Interest*(1+(Annual Rate of Simple Interest*Time Period of Simple Interest)/100)

Principal Amount of Simple Interest

Go Principal Amount of Simple Interest = (100*Simple Interest)/(Annual Rate of Simple Interest*Time Period of Simple Interest)

Annual Rate of Simple Interest

Go Annual Rate of Simple Interest = (100*Simple Interest)/(Principal Amount of Simple Interest*Time Period of Simple Interest)

Time Period of Simple Interest

Go Time Period of Simple Interest = (100*Simple Interest)/(Principal Amount of Simple Interest*Annual Rate of Simple Interest)

Simple Interest

Go Simple Interest = (Principal Amount of Simple Interest*Annual Rate of Simple Interest*Time Period of Simple Interest)/100

Final Amount of Simple Interest Formula

Final Amount of Simple Interest = Principal Amount of Simple Interest*(1+(Annual Rate of Simple Interest*Time Period of Simple Interest)/100)
A_Annual = P_Annual*(1+(r_Annual*t_Annual)/100)

What is Simple Interest ?

Simple Interest is a quick and easy method of calculating the interest charge on a loan. Simple Interest is the interest amount for a particular principal amount of money at some rate of interest for given duration of time. In Simple Interest, a creditor will only pay interest on the principal amount and a borrower would never have to pay more interest on the previously accumulated interest.

How to Calculate Final Amount of Simple Interest?

Final Amount of Simple Interest calculator uses Final Amount of Simple Interest = Principal Amount of Simple Interest*(1+(Annual Rate of Simple Interest*Time Period of Simple Interest)/100) to calculate the Final Amount of Simple Interest, The Final Amount of Simple Interest formula is defined as the total amount received or paid back, including the amount invested or borrowed initially, and Simple Interest on it for a given duration of time at a fixed rate. Final Amount of Simple Interest is denoted by A_Annual symbol.

How to calculate Final Amount of Simple Interest using this online calculator? To use this online calculator for Final Amount of Simple Interest, enter Principal Amount of Simple Interest (P_Annual), Annual Rate of Simple Interest (r_Annual) & Time Period of Simple Interest (t_Annual) and hit the calculate button. Here is how the Final Amount of Simple Interest calculation can be explained with given input values -> 1200 = 1000*(1+(10*63113904)/100).

FAQ

What is Final Amount of Simple Interest?

The Final Amount of Simple Interest formula is defined as the total amount received or paid back, including the amount invested or borrowed initially, and Simple Interest on it for a given duration of time at a fixed rate and is represented as A_Annual = P_Annual*(1+(r_Annual*t_Annual)/100) or Final Amount of Simple Interest = Principal Amount of Simple Interest*(1+(Annual Rate of Simple Interest*Time Period of Simple Interest)/100). Principal Amount of Simple Interest is the amount invested, borrowed, or lent initially at a fixed rate for a given duration of time, The Annual Rate of Simple Interest is the percent of the simple interest paid over the principal amount for the due period & Time period of Simple Interest is the number of years for which the principal amount is invested/borrowed/lent at a fixed rate of interest.

How to calculate Final Amount of Simple Interest?

The Final Amount of Simple Interest formula is defined as the total amount received or paid back, including the amount invested or borrowed initially, and Simple Interest on it for a given duration of time at a fixed rate is calculated using Final Amount of Simple Interest = Principal Amount of Simple Interest*(1+(Annual Rate of Simple Interest*Time Period of Simple Interest)/100). To calculate Final Amount of Simple Interest, you need Principal Amount of Simple Interest (P_Annual), Annual Rate of Simple Interest (r_Annual) & Time Period of Simple Interest (t_Annual). With our tool, you need to enter the respective value for Principal Amount of Simple Interest, Annual Rate of Simple Interest & Time Period of Simple Interest and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

How many ways are there to calculate Final Amount of Simple Interest?

In this formula, Final Amount of Simple Interest uses Principal Amount of Simple Interest, Annual Rate of Simple Interest & Time Period of Simple Interest. We can use 1 other way(s) to calculate the same, which is/are as follows -

Final Amount of Simple Interest = Principal Amount of Simple Interest+Simple Interest

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