Simple and Compound and Continuous Interest Calculator

Enter 3 out of 4 below

Given an initial balance of 1500, an interest rate of 7%, and time of 3, calculate the Accumulated Balance using Simple Interest:

Accumulated Value formula

AV = Principal * (1 + (int. rate * time))

Plug in our values

AV = 1500 * (1 + (0.07 * 3))

Simplify

AV = 1500 * (1 + 0.21) AV = 1500 * 1.21

Accumulated Value using Simple Interest = 1815

Calculate the total interest earned:

Total Interest Earned = Accumulated Value - Principal Total Interest Earned = 1815 - 1500 Total Interest Earned = 315

Calculate the interest earned:

Interest per Period =

Interest Earned

t

Interest per Period =

315

3

Interest per period = 105

What is the Answer?

Accumulated Value using Simple Interest = 1815

How does the Simple and Compound and Continuous Interest Calculator work?

Free Simple and Compound and Continuous Interest Calculator - Calculates any of the four parameters of the simple interest formula or compound interest formula or continuous compound formula
1) Principal
2) Accumulated Value (Future Value) 3) Interest 4) Time. This calculator has 4 inputs.

What 3 formulas are used for the Simple and Compound and Continuous Interest Calculator?

Accumulated Value = Principal * (1 + (interest rate * time))

Accumulated Value = Principal x (1 + interest rate)^{time}

What 5 concepts are covered in the Simple and Compound and Continuous Interest Calculator?

accumulated value

The total value of an investment, including principal and interest accrued

future value

the value of a current asset at a future date based on an assumed rate of growth

interest

payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate

principal

The amount borrowed on a loan, before interest is charged

simple and compound and continuous interest

Simple and Compound and Continuous Interest Calculator Video