Simple Interest Calculator
simple_interest_calculatorRead-onlyIdempotent
$10,000 at 5% for 3 years earns $1,500. This simple interest calculator applies I = P × r × t with the term in years, months or days and shows the total due. Web page: https://calcbright.com/simple-interest-calculator
Input Schema
TableJSON Schema
| Name | Required | Description | Default |
|---|---|---|---|
| rate | No | Annual interest rate (% / yr) | |
| time | No | Time | |
| unit | No | Unit | years |
| currency | No | Currency | USD |
| principal | No | Principal |