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Are you planning to borrow money for a car, house, or personal expense? Grab a loan calculator; it helps you budget.
The formula for calculating simple interest in a savings account is Interest = P * R * T. Multiply the account balance by the interest rate by the time period.
Doing the math and crunching the numbers when it comes to figuring out your loan's interest can be complicated. Here's how to calculate interest on a loan.
The principal balance is the loan amount itself. How to calculate simple interest on a loan If a lender uses the simple interest method, it’s easy to calculate loan interest.
Simple interest is used when a company borrows money for a loan. Usually this amount will be on a monthly basis. The formula for simple interest is principal times the interest rate times the ...
Learn how to calculate the Simple Interest in Excel either for a single entry or a range or entries, between two dates, using this forumula.
Wondering how much interest you could earn in a savings account? Here's how to crunch the numbers to calculate your earnings.