SI - Simple Interest
HISTORY
Simple Interest Calculator
getcalc.com's Simple Interest (SI) Calculator is an online finance tool to calculate the interest return on the principal amount lent at certain rate of interest for a particular period of time.
Definition & Formula
Simple Interest is a finance function or method used in the context of time value of money calculation, often abbreviated as SI, represents the interest return for the principal amount on a certain percentage of interest rate for a specific period of time. In simple interest calculation, the principal amount never change, during the interest accumulation period.
