Calculating Simple Interest is an excellent method to judge your savings in advance. However, calculating it for various interests and principal sums could be complex. This is where Excel comes to ...

Simple interest is a straightforward method of calculating the interest charged on a loan. It applies a fixed interest rate to the principal amount for the entire loan term. Simple interest is ...

Source: Flickr user Dafne Cholet. Simple interest refers to interest that's calculated solely based on the principal, and not any interest that has already accrued. The general formula for computing ...

India, Jan. 9 -- When you plan a personal loan, understanding how interest works is just as important as knowing the loan amount. Many people look only at the EMI and ignore how interest is calculated ...

Savings accounts will earn interest on the amount of money deposited into the account. The formula to calculate simple interest in a savings account is the deposit amount times the annual interest ...

Money borrowed from commercial banks comes at a cost. This extra amount of money that a borrower has to pay back is known as interest, and the original sum is called principal. And the rate at which a ...

Clicking “Advanced Mode” will allow you to input the time frame in which the loan is taking place. It will also allow you to see the total interest amount in dollars. Time (Months of Years) Total ...