l Simple and Compound and Continuous Interest Calculator

Enter 3 out of 4 below

<-- Accum Value
<-- Principal
<-- Interest %
<-- Time
      

Given an initial balance of 2200,
an interest rate of 10%,
and time of 2

Calculate the Accumulated Balance
using Simple Interest:

Accumulated Value formula

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

Plug in our values

AV = 2200 * (1 + (0.1 * 2))

Simplify

AV = 2200 * (1 + 0.2)

AV = 2200 * 1.2

Calculate the total interest earned:

Total Interest Earned = Accumulated Value - Principal

Total Interest Earned = 2640 - 2200

Total Interest Earned = 440

Calculate the interest earned:

Interest per Period  =  Interest Earned
  t

Interest per Period  =  440
  2

Interest per period = 220

Final Answer


Accumulated Value using Simple Interest = 2640

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