Enter your data
£
%
yrs
Simple interest is calculated only on the initial amount, without reinvesting the gain.
=Final total
11,500£
Amount (principal)10,000 £
Interest+1,500 £
Final total11,500 £
10,000 × 5% × 3 = 1,500 £
Interest = 1,500 £ · Final total 11,500 £