Simple interest calculations. The following examples will show you how to solve different variables involved in simple interest calculation. Example 1. What is the simple interest on a loan of $300 for 4 months at 12% per year? Ans. SI = Prt = 300(12/100/12)4 = $12. Example 2.
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Simple interest (SI) is a quick method of calculating the interest charge on a loan. Use this simple interest calculator for you to do a loan, deposit rate calculation based on the SI formula.
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Simple Interest Calculator. Simple interest is money you can earn by initially investing some money (the principal). A percentage (the interest) of the principal is added to the principal, making your initial investment grow!