{"id":15765,"date":"2021-09-24T14:30:10","date_gmt":"2021-09-24T21:30:10","guid":{"rendered":"https:\/\/compounddaily.org\/?page_id=15765"},"modified":"2025-09-16T09:52:38","modified_gmt":"2025-09-16T16:52:38","slug":"simple-interest-calculator","status":"publish","type":"page","link":"https:\/\/compounddaily.org\/simple-interest-calculator\/","title":{"rendered":"Simple Interest Calculator"},"content":{"rendered":"<div id=\"tdi_1\" class=\"tdc-zone\"><div class=\"tdc_zone tdi_2  wpb_row td-pb-row\"  >\n<style scoped>\n\/* custom css - generated by TagDiv Composer *\/\n\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_2{\r\n                    min-height: 0;\r\n                }\n<\/style><div id=\"tdi_3\" class=\"tdc-row\"><div class=\"vc_row tdi_4  wpb_row td-pb-row\" >\n<style scoped>\n\/* custom css - generated by TagDiv Composer *\/\n\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_4,\r\n                .tdi_4 .tdc-columns{\r\n                    min-height: 0;\r\n                }.tdi_4,\r\n\t\t\t\t.tdi_4 .tdc-columns{\r\n\t\t\t\t    display: block;\r\n\t\t\t\t}.tdi_4 .tdc-columns{\r\n\t\t\t\t    width: 100%;\r\n\t\t\t\t}.tdi_4:before,\r\n\t\t\t\t.tdi_4:after{\r\n\t\t\t\t    display: table;\r\n\t\t\t\t}\n\/* inline tdc_css att - generated by TagDiv Composer *\/\n\n.tdi_4{\nmargin-top:50px !important;\nmargin-bottom:50px !important;\n}\n\n.tdi_4 .td_block_wrap{ text-align:left }\n\n<\/style><div class=\"vc_column tdi_6  wpb_column vc_column_container tdc-column td-pb-span12\">\n<style scoped>\n\/* custom css - generated by TagDiv Composer *\/\n\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_6{\r\n                    vertical-align: baseline;\r\n                }.tdi_6 > .wpb_wrapper,\r\n\t\t\t\t.tdi_6 > .wpb_wrapper > .tdc-elements{\r\n\t\t\t\t    display: block;\r\n\t\t\t\t}.tdi_6 > .wpb_wrapper > .tdc-elements{\r\n\t\t\t\t    width: 100%;\r\n\t\t\t\t}.tdi_6 > .wpb_wrapper > .vc_row_inner{\r\n\t\t\t\t    width: auto;\r\n\t\t\t\t}.tdi_6 > .wpb_wrapper{\r\n\t\t\t\t    width: auto;\r\n\t\t\t\t    height: auto;\r\n\t\t\t\t}\n<\/style><div class=\"wpb_wrapper\" ><div class=\"td-block td-a-rec td-a-rec-id-custom-spot tdi_7 td_block_template_1\">\n<style>\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_7.td-a-rec{\r\n\t\t\t\t\ttext-align: center;\r\n\t\t\t\t}.tdi_7.td-a-rec:not(.td-a-rec-no-translate){\r\n\t\t\t\t    transform: translateZ(0);\r\n\t\t\t\t}.tdi_7 .td-element-style{\r\n\t\t\t\t\tz-index: -1;\r\n\t\t\t\t}.tdi_7 .td_spot_img_all img,\r\n\t\t\t\t.tdi_7 .td_spot_img_tl img,\r\n\t\t\t\t.tdi_7 .td_spot_img_tp img,\r\n\t\t\t\t.tdi_7 .td_spot_img_mob img{\r\n\t\t\t\t    border-style: none;\r\n\t\t\t\t}\n<\/style><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-1488957580926211\"\n     crossorigin=\"anonymous\"><\/script>\n<!-- CDTOPcalc -->\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-1488957580926211\"\n     data-ad-slot=\"1159666244\"\n     data-ad-format=\"auto\"\n     data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/div><\/div><\/div><\/div><\/div><div id=\"tdi_8\" class=\"tdc-row\"><div class=\"vc_row tdi_9  wpb_row td-pb-row\" >\n<style scoped>\n\/* custom css - generated by TagDiv Composer *\/\n\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_9,\r\n                .tdi_9 .tdc-columns{\r\n                    min-height: 0;\r\n                }.tdi_9,\r\n\t\t\t\t.tdi_9 .tdc-columns{\r\n\t\t\t\t    display: block;\r\n\t\t\t\t}.tdi_9 .tdc-columns{\r\n\t\t\t\t    width: 100%;\r\n\t\t\t\t}.tdi_9:before,\r\n\t\t\t\t.tdi_9:after{\r\n\t\t\t\t    display: table;\r\n\t\t\t\t}\n<\/style><div class=\"vc_column tdi_11  wpb_column vc_column_container tdc-column td-pb-span12\">\n<style scoped>\n\/* custom css - generated by TagDiv Composer *\/\n\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_11{\r\n                    vertical-align: baseline;\r\n                }.tdi_11 > .wpb_wrapper,\r\n\t\t\t\t.tdi_11 > .wpb_wrapper > .tdc-elements{\r\n\t\t\t\t    display: block;\r\n\t\t\t\t}.tdi_11 > .wpb_wrapper > .tdc-elements{\r\n\t\t\t\t    width: 100%;\r\n\t\t\t\t}.tdi_11 > .wpb_wrapper > .vc_row_inner{\r\n\t\t\t\t    width: auto;\r\n\t\t\t\t}.tdi_11 > .wpb_wrapper{\r\n\t\t\t\t    width: auto;\r\n\t\t\t\t    height: auto;\r\n\t\t\t\t}\n<\/style><div class=\"wpb_wrapper\" ><div class=\"td_block_wrap tdb_title tdi_12 tdb-page-title td-pb-border-top td_block_template_1\"  data-td-block-uid=\"tdi_12\" >\n<style>\n\/* custom css - generated by TagDiv Composer *\/\n.tdb_title{\r\n                  margin-bottom: 19px;\r\n                }.tdb_title.tdb-content-horiz-center{\r\n                  text-align: center;\r\n                }.tdb_title.tdb-content-horiz-center .tdb-title-line{\r\n                  margin: 0 auto;\r\n                }.tdb_title.tdb-content-horiz-right{\r\n                  text-align: right;\r\n                }.tdb_title.tdb-content-horiz-right .tdb-title-line{\r\n                  margin-left: auto;\r\n                  margin-right: 0;\r\n                }.tdb-title-text{\r\n                  display: inline-block;\r\n                  position: relative;\r\n                  margin: 0;\r\n                  word-wrap: break-word;\r\n                  font-size: 30px;\r\n                  line-height: 38px;\r\n                  font-weight: 700;\r\n                }.tdb-first-letter{\r\n                  position: absolute;\r\n                  -webkit-user-select: none;\r\n                  user-select: none;\r\n                  pointer-events: none;\r\n                  text-transform: uppercase;\r\n                  color: rgba(0, 0, 0, 0.08);\r\n                  font-size: 6em;\r\n                  font-weight: 300;\r\n                  top: 50%;\r\n                  -webkit-transform: translateY(-50%);\r\n                  transform: translateY(-50%);\r\n                  left: -0.36em;\r\n                  z-index: -1;\r\n                  -webkit-text-fill-color: initial;\r\n                }.tdb-title-line{\r\n                  display: none;\r\n                  position: relative;\r\n                }.tdb-title-line:after{\r\n                  content: '';\r\n                  width: 100%;\r\n                  position: absolute;\r\n                  background-color: var(--td_theme_color, #4db2ec);\r\n                  top: 0;\r\n                  left: 0;\r\n                  margin: auto;\r\n                }.tdi_12 .tdb-title-line:after{\r\n\t\t\t\t\theight: 2px;\r\n\t\t\t\t\r\n\t\t\t\t\tbottom: 40%;\r\n\t\t\t\t}.tdi_12 .tdb-title-line{\r\n\t\t\t\t\theight: 50px;\r\n\t\t\t\t}.td-theme-wrap .tdi_12{\r\n\t\t\t\t\ttext-align: left;\r\n\t\t\t\t}.tdi_12 .tdb-first-letter{\r\n\t\t\t\t\tleft: -0.36em;\r\n\t\t\t\t\tright: auto;\r\n\t\t\t\t}\n<\/style><div class=\"tdb-block-inner td-fix-index\"><h1 class=\"tdb-title-text\">Sample Page Title<\/h1><div><\/div><div class=\"tdb-title-line\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div id=\"tdi_13\" class=\"tdc-row\"><div class=\"vc_row tdi_14  wpb_row td-pb-row\" >\n<style scoped>\n\/* custom css - generated by TagDiv Composer *\/\n\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_14,\r\n                .tdi_14 .tdc-columns{\r\n                    min-height: 0;\r\n                }.tdi_14,\r\n\t\t\t\t.tdi_14 .tdc-columns{\r\n\t\t\t\t    display: block;\r\n\t\t\t\t}.tdi_14 .tdc-columns{\r\n\t\t\t\t    width: 100%;\r\n\t\t\t\t}.tdi_14:before,\r\n\t\t\t\t.tdi_14:after{\r\n\t\t\t\t    display: table;\r\n\t\t\t\t}\n<\/style><div class=\"vc_column tdi_16  wpb_column vc_column_container tdc-column td-pb-span12\">\n<style scoped>\n\/* custom css - generated by TagDiv Composer *\/\n\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_16{\r\n                    vertical-align: baseline;\r\n                }.tdi_16 > .wpb_wrapper,\r\n\t\t\t\t.tdi_16 > .wpb_wrapper > .tdc-elements{\r\n\t\t\t\t    display: block;\r\n\t\t\t\t}.tdi_16 > .wpb_wrapper > .tdc-elements{\r\n\t\t\t\t    width: 100%;\r\n\t\t\t\t}.tdi_16 > .wpb_wrapper > .vc_row_inner{\r\n\t\t\t\t    width: auto;\r\n\t\t\t\t}.tdi_16 > .wpb_wrapper{\r\n\t\t\t\t    width: auto;\r\n\t\t\t\t    height: auto;\r\n\t\t\t\t}\n<\/style><div class=\"wpb_wrapper\" ><div class=\"wpb_wrapper wpb_text_column td_block_wrap td_block_wrap vc_column_text tdi_17  tagdiv-type td-pb-border-top td_block_template_1\"  data-td-block-uid=\"tdi_17\" >\n<style>\n\/* custom css - generated by TagDiv Composer *\/\n.vc_column_text > .td-element-style{\r\n\t\t\t\t\tz-index: -1;\r\n\t\t\t\t}\n<\/style><div class=\"td-fix-index\">\t<div class=\"compound-calc\">\n\t    \n\t    <div class=\"main-cl\">\n\t\t    <div class=\"div-mainn\">\n\t\t\t<div class=\"row calc_row row-3\">\n\t\t\t\t<div class=\"main-tbl\">\n\t\t\t\t\t<div class=\"col-lg-2\"><\/div>\n\t\t\t\t\t<section id=\"intro\" class=\"intro-section\">\n\t\t\t\t\t\t<div class=\"row calc_row calc_row\">\n\t\t\t\t\t\t\t\t<div class=\"col-lg-12 col-md-12 col-xs-12 col-sm-12\">\n\t\t\t\t\t\t\t\t\t<form class=\"calculate_form col-xs-12\">\n\t\t\t\t\t\t\t\t\t\t<h2 class=\"text-center\">Simple Interest Calculator<\/h2><br\/>\n\t\t\t\t\t\t\t\t\t\t<div class=\"form-group col-xs-12\">\n\t\t\t\t\t\t\t\t\t\t\t<label for=\"startAmount\" class=\"col-xs-12 col-sm-5 col-form-label\">Starting Balance <\/label>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-xs-12 col-sm-7\">\n\t\t\t\t\t\t\t\t\t\t\t\t<input id=\"startAmount\" class=\"form-control startAmount inp1\" type=\"number\" value=\"100\"  placeholder=\"$\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"form-group col-xs-12\">\n\t\t\t\t\t\t\t\t\t\t\t<label for=\"interestRates\" class=\"col-xs-12 col-sm-5 col-form-label\">Interest Rate in Percentage<\/label>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-xs-12 col-sm-7\">\n\t\t\t\t\t\t\t\t\t\t\t\t<input id=\"interestRates\" class=\"form-control interestRate inp2\" type=\"number\" value=\"1\"  placeholder=\"%\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"form-group col-xs-12\" role=\"group\" aria-labelledby=\"interestTypeLabel\">\n\t\t\t\t\t\t\t\t\t\t\t<label for=\"interestType\" id=\"interestTypeLabel\" class=\"col-xs-12 col-sm-5 col-form-label\">Interest Type<\/label>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-xs-12 col-sm-7\">\n\t\t\t\t\t\t\t\t\t\t\t\t<select id=\"interestType\" class=\"form-control interestType\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<option>Yearly<\/option>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<option>Monthly<\/option>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/select>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"form-group col-xs-12\">\n\t\t\t\t\t\t\t\t\t\t\t<label for=\"yearOfGrowth\" class=\"col-xs-12 col-sm-5 col-form-label\">Length of Terms<\/label>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-xs-12 col-sm-7\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"row no-gutters\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-md-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"input-group\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<input id=\"yearOfGrowth\" class=\"form-control yearOfGrowth inp3\"   type=\"number\" value=\"2\"  placeholder=\"Years\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"input-group-addon\">Years<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-md-1\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p><\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-md-5\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"input-group\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<input class=\"form-control monthOfGrowth inp3\" type=\"number\" value=\"0\"  placeholder=\"Months\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"input-group-addon\">Months<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"form-group col-xs-12\">\n\t\t\t\t\t\t\t\t\t\t\t<label for=\"startDate\" class=\"col-xs-12 col-sm-5 col-form-label\">Start Date<\/label>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-xs-12 col-sm-7\">\n\t\t\t\t\t\t\t\t\t\t\t\t<input class=\"form-control\" id =\"startDate\" type=\"text\" placeholder=\"Start date\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"form-group col-xs-12\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-xs-12 col-sm-12 pull-right\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"btn btn-success pull-right calculate\"  id=\"btn_calculate_simple\" value=\"Calculate Now!\">Calculate Now!<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"\" class=\"reset simple_calc_reset\">Reset Values<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t\t<!-- <div class=\"form-group col-xs-12\">\n\t\t\t\t\t\t\t\t\t\t\t<label for=\"example-text-input\" class=\"col-xs-12 col-sm-6 col-form-label\">Final Balance<\/label>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-xs-12 col-sm-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t<input name=\"finalBalance\" class=\"form-control finalBalance\" type=\"text\"  readonly>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"form-group col-xs-12\">\n\t\t\t\t\t\t\t\t\t\t\t<label for=\"example-text-input\" class=\"col-xs-12 col-sm-6 col-form-label\">Total Interest<\/label>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-xs-12 col-sm-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t<input name=\"totalInterest\" class=\"form-control totalInterest\" type=\"text\"  readonly>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/div> -->\n\t\t\t\t\t\t\t\t\t<\/form>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/section>\n\t\t\t\t\t<div class=\"col-lg-2\"><\/div>\n\t\t\t\t\t<div class=\"main-2\">\n\t\t\t\t\t\t<div class=\"row calc_row sum-row\" style=\"padding-bottom: 30px;\">\n\t\t\t\t\t\t\t<div class=\"col-lg-1\"><\/div>\n\t\t\t\t\t\t\t<div class=\"col-lg-10 summary\">\n\t\t\t\t\t\t\t\t<h3>Summary:<\/h3>\n\t\t\t\t\t\t\t\t<ul class=\"ul-values\">\n\t\t\t\t\t\t\t\t\t<li>You started with an investment of:<span class=\"redval\">$<span id=\"smInitialAmount\"><\/span><\/span> on <span class=\"dateStyle\" id=\"smStartDate\"><\/span><\/li>\n\t\t\t\t\t\t\t\t\t<li>Your principal amount grew to:<span class=\"greenclr\">$<span id=\"smTotalPrincipal\"><\/span><\/span> by <span class=\"dateStyle\" id=\"smEndDate\"><\/span><\/li>\n\t\t\t\t\t\t\t\t\t<li>Your total NET profit for the <span class=\"terms\" id=\"smYearOfGrowth\"><\/span> period was:<span class=\"greenclr\"> $<span id=\"smTotalInterest\"><\/span><\/span><\/li>\n\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"col-lg-1\"><\/div>\n\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<div class=\"row calc_row\" style=\"margin-top: 20px;\">\n\t\t\t\t\t\t\t<div class=\"row\" style=\"padding-left:30px\">\n\t\t\t\t\t\t\t\t<div class=\"col-md-6\">\n\t\t\t\t\t\t\t\t\t<h3>Projection breakdown<\/h3>\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"btn-group\" role=\"group\" aria-label=\"table-graph\">\n\t\t\t\t\t\t\t\t\t\t<input type=\"radio\" class=\"btn-check\" name=\"data\" id=\"simpleTable\" autocomplete=\"off\" checked>\n\t\t\t\t\t\t\t\t\t\t<label class=\"btn btn-outline-primary\" for=\"simpleTable\">Table<\/label>\n\n\t\t\t\t\t\t\t\t\t\t<input type=\"radio\" class=\"btn-check\" name=\"data\" id=\"simpleGraph\" autocomplete=\"off\">\n\t\t\t\t\t\t\t\t\t\t<label class=\"btn btn-outline-primary\" for=\"simpleGraph\">Graph<\/label>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t<div class=\"col-md-6\">\n\t\t\t\t\t\t\t\t\t<h3>Download your result<\/h3>\n\t\t\t\t\t\t\t\t\t<div class=\"social\">\n\t\t\t\t\t\t\t\t\t\t<div id=\"simpleSocialShare\">\n\t\t\t\t\t\t\t\t\t\t\t<span style=\"padding: 0px;background: white;\" id=\"simple-share-wa\" class=\"btn button\"><i class=\"fa fa-2x fa-whatsapp\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span style=\"padding: 0px;background: white;\" id=\"simple-share-fb\" class=\"btn button\"><i class=\"fa fa-2x fa-facebook-square\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<!--<span style=\"padding: 0px;background: white;\" id=\"simple-share-tw\" class=\"btn button\"><i class=\"fa fa-2x fa-twitter-square\"><\/i><\/span>-->\n\t\t\t\t\t\t\t\t\t\t\t<span style=\"padding: 0px;background: white;\" id=\"simple-share-li\" class=\"btn button\"><i class=\"fa fa-2x fa-linkedin-square\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span style=\"padding: 0px;background: white;\" id=\"simple-share-pi\" class=\"btn button\"><i class=\"fa fa-2x fa-pinterest-square\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span style=\"padding: 0px;background: white;\" id=\"simple-share-download\" class=\"btn button\"><i class=\"fa fa-2x fa-download\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div id=\"simpleEmailShare\">\n\t\t\t\t\t\t\t\t\t\t\t<!-- <span style=\"padding: 0px;background: white;\" id=\"share-em\" class=\"sharer button\"><i class=\"fa fa-2x fa-envelope-square\"><\/i><\/span> -->\n\t\t\t\t\t\t\t\t\t\t\t<button type=\"button\" style=\"background: transparent\" id=\"download_pdf_simple_calc\" class=\"btn btn-sm text-center\"><img decoding=\"async\" src=\"https:\/\/compounddaily.org\/wp-content\/plugins\/compound_daily_calculator\/assets\/download_pdf.png\" width=\"40\" height=\"40\" style=\"\" alt=\"\" title=\"\"><\/button>\n\t\t\t\t\t\t\t\t\t\t\t<button type=\"button\" style=\"background: transparent\" id=\"download_csv_simple_calc\" class=\"btn btn-sm text-center\"><img decoding=\"async\" src=\"https:\/\/compounddaily.org\/wp-content\/plugins\/compound_daily_calculator\/assets\/csv.png\" width=\"40\" height=\"40\" style=\"\" alt=\"\" title=\"\"><\/button>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\n\t\t\t\t\t\t<div class=\"row calc_row\"  id=\"simpleTableData\">\n\t\t\t\t\t\t\t<div class=\"col-lg-2\"><\/div>\n\n\t\t\t\t\t\t\t<div style=\"margin-top: 30px;\" class=\"col-lg-12 col-md-12 col-xs-12 col-sm-12 tbl2 table-responsivet\">\n\n\t\t\t\t\t\t\t\t<div class=\"div-tble\">\n\t\t\t\t\t\t\t\t\t<table class=\"tbl-values table-responsivet simple_calc_tbl table table-striped table-bordered table-hover table-condensed\">\n\t\t\t\t\t\t\t\t\t\t<thead class=\"\">\n\t\t\t\t\t\t\t\t\t\t\t<tr class=\"text-center\">\n\t\t\t\t\t\t\t\t\t\t\t\t<th>Month<\/th>\n\t\t\t\t\t\t\t\t\t\t\t\t<th>Monthly Interest<\/th>\n\t\t\t\t\t\t\t\t\t\t\t\t<th>Total Interest<\/th>\n\t\t\t\t\t\t\t\t\t\t\t\t<th>Balance<\/th>\n\t\t\t\t\t\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t\t\t\t\t<\/thead>\n\t\t\t\t\t\t\t\t\t\t<tbody class=\"tbody_values\">\n\t\t\t\t\t\t\t\t\t\t<\/tbody>\n\t\t\t\t\t\t\t\t\t<\/table>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"col-lg-2\"><\/div>\n\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<div id=\"simpleGraphData\" style=\"display:none; padding-bottom: 30px\">\n\t\t\t\t\t\t\t<div class=\"container\">\n\t\t\t\t\t\t\t\t<div class=\"row calc_row\">\n\t\t\t\t\t\t\t\t\t<div class=\"col-md-12\">\n\t\t\t\t\t\t\t\t\t\t<div id=\"simpleDonutChartContainer\" class=\"row\" style=\"padding-bottom: 30px;padding-top: 30px\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-md-2\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-md-4\">\n\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"summary\">Invest <span id=\"initialBalance\"><\/span> with the interest rate <span id=\"interestRate\"><\/span> <span id=\"interestType\"><\/span> during <span id=\"yearsOfGrowth\"><\/span> years<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"summary\">End Balance: <span id=\"totalBalance\"><\/span><\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"summary\">Profit: <span id=\"tottalProfit\"><\/span><\/p><br\/>\n\n\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"summary\" style=\"opacity: 0.4;\">Website: compounddaily.org<\/p>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-md-4\">\n\t\t\t\t\t\t\t\t\t\t\t\t<canvas  crossorigin=\"anonymous\" id=\"simpleDonutChart\" width=\"150\" height=\"150\" style=\"background: #ffffff\"><\/canvas>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-md-2\"><\/div>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<canvas id=\"simpleBarChart\" height=\"150\" style=\"background: #ffffff; margin-top: 30px; min-height:250px\"><\/canvas>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>    <!-- end main2 -->\n\t\t\t\t<\/div>  <!-- end main-tble -->\n\t\t\t\t<div ><\/div>\n\t\t\t<\/div>  <!-- end row-3 -->\n\t\t<\/div>  <!-- end div-main -->\n\n    \t<\/div>\n    \t<!-- end main-cl -->\n\t    <p class=\"hidden1\"><\/p>\n\t    <div class=\"modal-backdrop fade in\" id=\"modalBackdrop\" style=\"display: none\"><\/div>\n\t    <div class=\"modal fade\" id=\"mySmallModalLabel\" tabindex=\"-1\" data-backdrop=\"true\" role=\"dialog\" aria-labelledby=\"mySmallModalLabel\" aria-hidden=\"true\">\n\t\t    <div class=\"modal-dialog modal-sm\" role=\"document\">\n\t\t\t<div class=\"modal-content\">\n\t\t\t\t<div class=\"modal-header\">\n\t\t\t\t\t<h4 class=\"modal-title text-center\"><strong>Compound Daily<\/strong><\/h4>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"modal-body\">\n\t\t\t\t\t<div class=\"form-group\">\n\t\t\t\t\t\t<div class=\"col-md-12\">\n\t\t\t\t\t\t\t<input name=\"email\" class=\"form-control email\" type=\"email\" placeholder=\"Enter Email\">\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<br>\n\t\t\t\t<div class=\"modal-footer\">\n\t\t\t\t\t<button type=\"button\" class=\"btn btn-sm btn-default text-center\" data-dismiss=\"modal\">Close<\/button>\n\t\t\t\t\t<button type=\"button\" class=\"btn btn-sm btn-danger text-center send_email_simple_calc\">Send my Results <i class=\"fa fa-file-pdf-o\"><\/i><\/button>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t    <\/div>\n\t<\/div>\n\t\n<\/div><\/div><\/div><\/div><\/div><\/div><div id=\"tdi_18\" class=\"tdc-row\"><div class=\"vc_row tdi_19  wpb_row td-pb-row\" >\n<style scoped>\n\/* custom css - generated by TagDiv Composer *\/\n\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_19,\r\n                .tdi_19 .tdc-columns{\r\n                    min-height: 0;\r\n                }.tdi_19,\r\n\t\t\t\t.tdi_19 .tdc-columns{\r\n\t\t\t\t    display: block;\r\n\t\t\t\t}.tdi_19 .tdc-columns{\r\n\t\t\t\t    width: 100%;\r\n\t\t\t\t}.tdi_19:before,\r\n\t\t\t\t.tdi_19:after{\r\n\t\t\t\t    display: table;\r\n\t\t\t\t}\n\/* inline tdc_css att - generated by TagDiv Composer *\/\n\n.tdi_19{\nmargin-top:50px !important;\nmargin-bottom:50px !important;\n}\n\n.tdi_19 .td_block_wrap{ text-align:left }\n\n<\/style><div class=\"vc_column tdi_21  wpb_column vc_column_container tdc-column td-pb-span12\">\n<style scoped>\n\/* custom css - generated by TagDiv Composer *\/\n\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_21{\r\n                    vertical-align: baseline;\r\n                }.tdi_21 > .wpb_wrapper,\r\n\t\t\t\t.tdi_21 > .wpb_wrapper > .tdc-elements{\r\n\t\t\t\t    display: block;\r\n\t\t\t\t}.tdi_21 > .wpb_wrapper > .tdc-elements{\r\n\t\t\t\t    width: 100%;\r\n\t\t\t\t}.tdi_21 > .wpb_wrapper > .vc_row_inner{\r\n\t\t\t\t    width: auto;\r\n\t\t\t\t}.tdi_21 > .wpb_wrapper{\r\n\t\t\t\t    width: auto;\r\n\t\t\t\t    height: auto;\r\n\t\t\t\t}\n<\/style><div class=\"wpb_wrapper\" ><div class=\"td-block td-a-rec td-a-rec-id-custom-spot tdi_22 td_block_template_1\">\n<style>\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_22.td-a-rec{\r\n\t\t\t\t\ttext-align: center;\r\n\t\t\t\t}.tdi_22.td-a-rec:not(.td-a-rec-no-translate){\r\n\t\t\t\t    transform: translateZ(0);\r\n\t\t\t\t}.tdi_22 .td-element-style{\r\n\t\t\t\t\tz-index: -1;\r\n\t\t\t\t}.tdi_22 .td_spot_img_all img,\r\n\t\t\t\t.tdi_22 .td_spot_img_tl img,\r\n\t\t\t\t.tdi_22 .td_spot_img_tp img,\r\n\t\t\t\t.tdi_22 .td_spot_img_mob img{\r\n\t\t\t\t    border-style: none;\r\n\t\t\t\t}\n<\/style><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-1488957580926211\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-format=\"autorelaxed\"\n     data-ad-client=\"ca-pub-1488957580926211\"\n     data-ad-slot=\"3715345692\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/div><\/div><\/div><\/div><\/div><div id=\"tdi_23\" class=\"tdc-row\"><div class=\"vc_row tdi_24  wpb_row td-pb-row\" >\n<style scoped>\n\/* custom css - generated by TagDiv Composer *\/\n\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_24,\r\n                .tdi_24 .tdc-columns{\r\n                    min-height: 0;\r\n                }.tdi_24,\r\n\t\t\t\t.tdi_24 .tdc-columns{\r\n\t\t\t\t    display: block;\r\n\t\t\t\t}.tdi_24 .tdc-columns{\r\n\t\t\t\t    width: 100%;\r\n\t\t\t\t}.tdi_24:before,\r\n\t\t\t\t.tdi_24:after{\r\n\t\t\t\t    display: table;\r\n\t\t\t\t}\n<\/style><div class=\"vc_column tdi_26  wpb_column vc_column_container tdc-column td-pb-span12\">\n<style scoped>\n\/* custom css - generated by TagDiv Composer *\/\n\n\/* custom css - generated by TagDiv Composer *\/\n.tdi_26{\r\n                    vertical-align: baseline;\r\n                }.tdi_26 > .wpb_wrapper,\r\n\t\t\t\t.tdi_26 > .wpb_wrapper > .tdc-elements{\r\n\t\t\t\t    display: block;\r\n\t\t\t\t}.tdi_26 > .wpb_wrapper > .tdc-elements{\r\n\t\t\t\t    width: 100%;\r\n\t\t\t\t}.tdi_26 > .wpb_wrapper > .vc_row_inner{\r\n\t\t\t\t    width: auto;\r\n\t\t\t\t}.tdi_26 > .wpb_wrapper{\r\n\t\t\t\t    width: auto;\r\n\t\t\t\t    height: auto;\r\n\t\t\t\t}\n<\/style><div class=\"wpb_wrapper\" ><div class=\"wpb_wrapper wpb_text_column td_block_wrap td_block_wrap vc_column_text tdi_27  tagdiv-type td-pb-border-top td_block_template_1\"  data-td-block-uid=\"tdi_27\" ><div class=\"td-fix-index\"><p class=\"p1\">There are many reasons to need a simple interest calculator. The idea of paying interest, which is actually a time-based fee, on borrowed money has been around for thousands of years. And, while there are many different kinds of interest, some of which are very complicated, the basic types are easy to understand.<\/p>\n<p class=\"p1\">What is &#8220;simple interest,&#8221; and how can you calculate the amount of it you have to pay on a loan? There are a couple of ways to come up with the answer. First, you can just use an online &#8220;simple interest calculator&#8221; and plug in a few numbers. Then, the application will do the math and tell you how much interest has accumulated on the loan after any amount of time.<\/p>\n<p class=\"p1\">The second way is to not use a calculator at all and just do the math yourself. This talent comes in handy when you don&#8217;t have access to a computer. But, it&#8217;s also a good idea to learn how to do the figuring manually, so you get a better understanding of how interest works.<\/p>\n<p class=\"p1\">The following examples explain how to do the calculations on your own and how to use an online app that does it for you.<\/p>\n<p class=\"p2\"><b>Example 1: Using the Simple Interest Formula<\/b><\/p>\n<p class=\"p1\">If you like to work with math formulas, the one for calculating the total amount of a loan, with a fixed amount of interest, is:<\/p>\n<p class=\"p1\">Total Owed = P x [1+rt], where P is the principal amount borrowed, r is the interest rate, and t is the amount of time. For example, if you borrow $1,000 at 6 percent for three years, you would owe this much at the end of the time period:<\/p>\n<p class=\"p1\">$1,000 x [1+(.06&#215;3)], or 1,000 x [1+0.18], or 1,000 x 1.18, or $1,180.<\/p>\n<p class=\"p1\">It&#8217;s easy enough to see that all you&#8217;re really doing is plugging in the three variables to the equation. The three are the principal amount you borrow, the stated interest rate, and the number of years you have the loan.<\/p>\n<p class=\"p2\"><b>Example 2: Using an Online Simple Interest Calculator<\/b><\/p>\n<p class=\"p1\">If you don&#8217;t want to deal with the math yourself, by far the easiest way to calculate simple interest is to either use a handheld calculator or an online one. The advantage of online calculators is that they will prompt you to input the correct numbers into the appropriate places, so you can&#8217;t go wrong.<\/p>\n<p class=\"p1\">If you use a handheld calculator, it&#8217;s necessary to <a href=\"https:\/\/compounddaily.org\/3-compound-interest-formula-should-learn-today\/\"><span class=\"s1\">know the formula<\/span><\/a> or for the device to have an app that serves the same purpose as an online simple interest calculator.<\/p>\n<p class=\"p2\"><b>Example 3: Paying Interest on a Car Loan<\/b><\/p>\n<p class=\"p1\">Keep in mind that people often pay on loans every week or month in the real world, not always at the end of a year. So, taking a more realistic example of <a href=\"https:\/\/www.bankofamerica.com\/auto-loans\/\" rel=\"nofollow noopener\" target=\"_blank\"><span class=\"s1\">buying a car<\/span><\/a>, let&#8217;s look at how much interest you&#8217;d have to pay per day.<\/p>\n<p class=\"p1\">Figuring daily interest means we have to figure out the daily rate from the annual one. So, if your car loan rate is seven percent, take .07 and divide it by 365 to get the daily rate, in this case, .0001917.<\/p>\n<p class=\"p1\">That may seem like a very small number, but remember that it&#8217;s the &#8220;daily&#8221; rate. So, if you decide to pay only the interest portion of the loan after two weeks, assuming the price of the car (the principal amount of the loan) was $22,000, then you&#8217;ll have to multiply $22,000 by the daily rate: 22,000 x .0001917, which comes out to $4.21 per day.<\/p>\n<p class=\"p1\">But, wait. You usually need to pay two weeks&#8217; interest, so we&#8217;ll multiply the $4.22 by 14 (days) to come up with $59.08 as the two-week amount of interest on the car loan.<\/p>\n<p class=\"p2\"><b>Example 4: Lending Money to a Friend, Quick Shortcuts<\/b><\/p>\n<p class=\"p1\">What if you&#8217;re the lender instead of being the borrower. You decide to loan money to a needy but trustworthy friend who insists on paying interest. The two of you agree that the friend will pay interest-only every week and the entire principal amount at the end of one year.<\/p>\n<p class=\"p1\">You loan the friend $5,000, and the interest rate is four percent. You can use the &#8220;daily rate&#8221; method from example three above or use a simple interest calculator, or try this more straightforward way.<\/p>\n<p class=\"p1\">At the end of the year, the total amount of interest would be $5,000 x .04, or $200. So, just take the total amount of yearly interest, $200, and divide it by 52 to get the amount of weekly interest (because there are 52 weeks in a year). So, since 200 divided by 52 is $3.84, your friend will be paying you that much every week to cover the interest on the loan that you so kindly made to him.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":27385,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-15765","page","type-page","status-publish","has-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/compounddaily.org\/wp-json\/wp\/v2\/pages\/15765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/compounddaily.org\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/compounddaily.org\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/compounddaily.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/compounddaily.org\/wp-json\/wp\/v2\/comments?post=15765"}],"version-history":[{"count":0,"href":"https:\/\/compounddaily.org\/wp-json\/wp\/v2\/pages\/15765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/compounddaily.org\/wp-json\/wp\/v2\/media\/27385"}],"wp:attachment":[{"href":"https:\/\/compounddaily.org\/wp-json\/wp\/v2\/media?parent=15765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}