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Simple Interest Calculation (Principal and Interest Total)

TOP/Finance/Interest Calculation
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Calculates the total principal and interest using simple interest.
Interest Rate Type
Interest Rate
%(r)
Principal
(PV)
Number of Days Elapsed
(days)
Total Principal and Interest (FV)
Interest (I)
A daily rate of 5 sen per 100 yen of principal (0.05 yen per 100 yen per day) corresponds to 0.05% per day.

Simple Interest Calculation mode: 365 or 360 (annual interest rate), 30 (monthly interest rate), 1 (daily interest rate)
\(\normalsize (1)\ FV=PV+I\\ (2)\ I=PV\times r\times{\large\frac{days}{mode}}\\ \)


Calculation details and rounding rules may vary by financial institution.
*This site assumes no responsibility whatsoever for calculation results or other information. Furthermore, we do not provide individual consultations.

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