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Doing the math and crunching the numbers when it comes to figuring out your loan's interest can be complicated. Here's how to calculate interest on a loan.
Learn how to calculate the Simple Interest in Excel either for a single entry or a range or entries, between two dates, using this forumula.
How to calculate simple interest on a loan If a lender uses the simple interest method, it’s easy to calculate loan interest.
How to calculate simple interest on a loan Simple interest is most commonly used for short-term loans — like payday loans, personal loans or some auto loans.
How to use an FD Interest Calculator? Open a reliable FD Interest Calculator. Enter the required details, including customer type, type of FD, deposit amount and tenure.
How to Calculate Simple Interest. Simple interest is used when a company borrows money for a loan. Usually this amount will be on a monthly basis.
To calculate per-diem interest, take the interest rate (be sure to express it as a decimal, so 10% becomes 0.10) and divide by 365 to determine the daily interest rate.
What is the Difference Between Simple & Compound Interest? Learn why simple interest is good for borrowers, while compound interest works in your favor as an investor.
While simple interest is generally simple to calculate over the life of a loan or investment, it can also be useful to know how much interest is accruing on a daily, or "per-diem," basis.