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.

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.

To calculate per-diem interest, take the interest rate (be sure to express it as a decimal, so 10% becomes 0.10) and divide by 365 to determine the daily interest rate.

Because the formulas behind these accounts become increasingly complex, people often choose to use a money market calculator to calculate how much interest an account will generate. However, if ...

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

How to calculate the interest rate on a personal loan? A simple guide Higher interest rates raise total borrowing costs, impacting loan payments. Personal loans do not require collateral, and ...

How to Write a Program to Calculate Compound Interest. Whether it's figuring the mortgage on commercial property or the rate on a short-term loan, compound interest calculations are a basic ...

Learn more about interest on interest, or compound interest, including what it is, why it matters, and how to calculate compound interest accrued.

or $10,000 X 9% X 60 days/360 days = $150.00 How to calculate interest revenue Interest revenue is calculated and recorded separately of interest receivable.