Simple interest is a method to calculate the interest rate on a loan payment.
Interest is always depends on the original principle.
This app has simple use Calculate Simple Interest , Sum , Rate of interest and time period.
Featured :
** Select button Simple interest ( SI ) , Sum ( P ) , Rate Of Interest ( RI ) , TIme Period ( T ).
** Select type ( Simple interest ( SI ) , Sum ( P ) , Rate Of Interest ( RI ) , TIme Period ( T ). )
** Inter value / select time and find miching value.
** its Free.
** Easy to use.
** Find Simple interest ( SI ).
** Find Sum ( p )
** Find Rate of Interest ( RI ).
** Find TIme period ( T ).
Example :
1 ) Rate per Year :
Calculate the simple interest for the loan or principle amount of " Rs.100000 " with the interest rate of 10% per annul and the time period of 5 years.
Ru = 100000, Rate per year = 10% and Time = 5 Years.
You will get the simple interest as " 2500 " by multiplying the loan amount (payment) with the interest rate and the time period.
2 ) Rate per Month :
Calculate the simple interest for the loan or principle amount of " Rs.100000 " with the interest rate of 10% per annul and the time period of 5 years.
Ru = 100000, Rate per Month = 1% and Time = 5 Years.
You will get the simple interest as " 60000 " by multiplying the loan amount (payment) with the interest rate and the time period.
Terms and conditions :
App calculates the value as per the mathematical formulas. It does not guarantee the actual result.
Disclaimer : This application should be used as an estimating tool only. Application is not responsible for any discrepancies on calculations.
