Enter 3 out of 4 below
Given an initial balance of 17000,
an interest rate of 9%,
and time of 1
Calculate the Accumulated Balance
using Simple Interest:
Accumulated Value formula
AV = Principal * (1 + (int. rate * time))
Plug in our values
AV = 17000 * (1 + (0.09 * 1))
Simplify
AV = 17000 * (1 + 0.09)
AV = 17000 * 1.09
Calculate the total interest earned:
Total Interest Earned = Accumulated Value - Principal
Total Interest Earned = 18530 - 17000
Total Interest Earned = 1530
Calculate the interest earned:
| Interest per Period = | Interest Earned |
| t |
| Interest per Period = | 1530 |
| 1 |
Interest per period = 1530
Final Answer
Accumulated Value using Simple Interest = 18530
What is the Answer?
Accumulated Value using Simple Interest = 18530
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.
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
Accumulated Value = Pert
For more math formulas, check out our Formula Dossier
Accumulated Value = Principal x (1 + interest rate)time
Accumulated Value = Pert
For more math formulas, check out our Formula Dossier
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
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