Five-year deposit
100,000 at 7% for 5 years
35,000 interest
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Calculate simple interest and final value without compounding.
Quick answer
Simple interest is calculated only on the original principal.
Illustrative view
Illustrative split between principal and simple interest.
Simple interest is calculated only on the original principal. It does not add earlier interest to the balance for later periods.
The formula is principal multiplied by annual rate multiplied by time in years.
100,000 at 7% for 5 years
35,000 interest
50,000 at 0%
50,000 final value
Simple interest uses the starting principal throughout. Compound interest earns returns on accumulated interest too.
Yes. For example, 1.5 represents eighteen months.
No. This tool runs locally in your browser, so the values or files you provide are not sent to a ToolStack server.
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