Simple/Compound Interest Calculator
Simple/Compound Interest Calculator
FreeThis simple small-sized app lets you calculate simple interest as well as compound interest easily. You have to just enter the principal amount, the annual rate percent (rate% per year) and the time period (in years) in the respective fields, select the interest type (Simple or Compound) and click "Calculate Interest" button. The app will calculate Simple or Compound interest (depending on your choice) at the given rate applied annually (every year) for the given number of years over the given principal amount. This app is very useful to calculate interest and final amount for loan payment, fixed or term deposits, etc. This app works offline as well. Note: This app can also provide results even if the interest is not applied annually but at a different interval. You need to provide the rate percent per interval in the rate field and the number of intervals in the time period field.
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