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Simple Interest Calculator
Calculate simple interest using the formula A = P(1 + rt).
Total Amount
$11,500.00
Principal
$10,000.00
Total Interest
$1,500.00
Interest Rate
5%
Time Period
3 years
Breakdown
Principal — 87%
Interest — 13%
Year-by-Year Breakdown
| Year | Interest | Balance |
|---|---|---|
| 1 | $500.00 | $10,500.00 |
| 2 | $500.00 | $11,000.00 |
| 3 | $500.00 | $11,500.00 |