Simple Interest Calculator

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Simple interest only · 365-day year · No compounding

Results

End Balance$26,000.00
Total Interest$6,000.00
Starting Principal$20,000.00
Annual Rate3%
Term10 years

Balance Accumulation Graph
Start $20,000End $26,000
Breakdown
Principal $20,000.00Interest $6,000.00
Calculation steps

Interest schedule
Time (years)InterestBalance