Simple Interest Calculator: Calculate Interest
Interest after 10 years
Total amount
$17,000.00
Total interest
$7,000.00
Initial amount
$10,000.00
ROI(Return on investment)
70.00%
Interest rate(yearly)
7%
Year
Investment
Total interest
Total
1
$10,000.00
$700.00
$10,700.00
2
$10,000.00
$1,400.00
$11,400.00
3
$10,000.00
$2,100.00
$12,100.00
4
$10,000.00
$2,800.00
$12,800.00
5
$10,000.00
$3,500.00
$13,500.00
6
$10,000.00
$4,200.00
$14,200.00
7
$10,000.00
$4,900.00
$14,900.00
8
$10,000.00
$5,600.00
$15,600.00
9
$10,000.00
$6,300.00
$16,300.00
10
$10,000.00
$7,000.00
$17,000.00
What is simple interest
By simple interest you calculate interest only on the initial amount, without the effect of compounding. Simple interest is the opposite of compound interest, where accumulated interest is added back to the principal amount, so that you earn interest on already accumulated interest.
Frequently asked questions
How to calculate the future value of your investment?
To calculate the future value, you divide the annual interest rate by 100, multiply by the amount of years and add one to it. And then multiply by the initial investment.
Future value = investment × (((annual interest rate / 100) × years) + 1)
How to calculate the interest?
To calculate the interest, you divide the annual interest rate by 100, multiply it by the initial investment and then multiply by the amount of years.
Interest = investment × (annual interest rate / 100) × years