How Simple Interest Works: An Example Suppose you take out a $5,000 loan at 6% interest for two years. To calculate the amount of interest you will pay, use the simple interest formula above.

How To Calculate Simple Interest on a CD Simple interest is the interest rate without compounding, meaning it’s applied just once and only to the principal.

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.

Calculating the interest rate on a personal loan can be difficult. Most lenders use simple interest rather than compound interest, though, which makes the job a little easier. To calculate how ...

Calculate APR from simple interest rates by extending or reducing the time period to a single year. For example, a CD may offer 1.5 percent simple interest over a three-month period.

With interest rates this high, you might want to figure out exactly how much you can earn with a high-yield savings account. Calculating interest earned can encourage you to save even more as you ...

A simple technique to convert a lease's finance chart into a more meaningful annual interest rate.

The interest rate your lender gives you isn't the true cost of your mortgage. Learn how to calculate your effective interest rate, including any discount points.

Your student loan interest reveals just how much you’re really paying for that college education. Here’s a step-by-step guide on how to calculate it.

To decide which type of CD is best for you, consider its value. Here’s how to calculate CD interest, helping you better manage your hard-earned money.

Wondering how much interest you could earn in a savings account? Here's how to crunch the numbers to calculate your earnings.