Simple interest calculator
Calculate simple interest from the principal, rate and term: see the accumulated interest, the final amount and a period-by-period projection.
- Monthly or yearly rate
- Interest and final amount
- Period-by-period projection
Calculation details
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Result
Final amount$1,120.00
- Accumulated interest
- $120.00
- Invested principal
- $1,000.00
- Equivalent monthly rate
- 1.00%
- Interest over the total
- 10.71%
Month-by-month projection
| Month | Monthly interest | Accumulated interest | Amount |
|---|---|---|---|
| 1 | $10.00 | $10.00 | $1,010.00 |
| 2 | $10.00 | $20.00 | $1,020.00 |
| 3 | $10.00 | $30.00 | $1,030.00 |
| 4 | $10.00 | $40.00 | $1,040.00 |
| 5 | $10.00 | $50.00 | $1,050.00 |
| 6 | $10.00 | $60.00 | $1,060.00 |
| 7 | $10.00 | $70.00 | $1,070.00 |
| 8 | $10.00 | $80.00 | $1,080.00 |
| 9 | $10.00 | $90.00 | $1,090.00 |
| 10 | $10.00 | $100.00 | $1,100.00 |
| 11 | $10.00 | $110.00 | $1,110.00 |
| 12 | $10.00 | $120.00 | $1,120.00 |