Finance Calculator
How to use this calculator
Enter the principal, annual interest rate and number of years. Use this model when interest is based on the original principal throughout the term.
How the estimate is calculated
Interest equals principal × annual percentage × years divided by 100. Total amount is principal plus that interest; earned interest does not itself earn further interest.
Assumptions and exclusions
A whole-year model. Contractual day counts, partial-year adjustments, charges and tax are not included.