How The Simple Interest Calculator Works. The simple interest calculator includes fields for: Loan Amount (in Dollars) – Put the amount borrowed into the area marked “loan amount.” Interest % – The ...

A simple interest calculator can help you easily run the numbers for three scenarios: contributing an extra $50, $100, or $500 a month. Additional monthly contribution Sum after 3 years ...

Understanding the concept of simple interest by an example Suppose a loan of Rs 20,000 is taken for a period of six years at a rate of 10 percent. By feeding these details, the simple interest ...