Simple Interest
Interest and final balance using the simple (non-compounding) interest formula.
Total after 3 years
$11,500.00
$1,500.00 interest earned
Interest
$1,500.00
Principal
$10,000.00
Interest and final balance using the simple (non-compounding) interest formula.
Total after 3 years
$11,500.00
$1,500.00 interest earned
Interest
$1,500.00
Principal
$10,000.00