Value Calculator

How to Use the Value Calculator

1. Enter the Principal Amount (the initial amount of money).
2. Enter the Interest Rate (as a percentage). For example, if the interest rate is 5%, enter 5.
3. Enter the Time (in years).
4. Click the Calculate button to compute the Simple Interest.
5. The result will be displayed in the Simple Interest field.

Example

If you invest $1,000 at a 5% interest rate for 3 years, the simple interest would be:

$1,000 × 5% × 3 = $150

Formula Explanation

The calculator uses the simple interest formula:

Simple Interest = Principal × Rate × Time

Where:

• Principal is the initial amount of money.
• Rate is the interest rate per period (expressed as a decimal).
• Time is the number of periods the money is invested for.