Friday, May 18, 2012Savings Accounts Guide, Banking & Interest Rate Resource.
Savings Calculator - Find Simple Interest Rates
purpose: to calculate the rate of interest
that has been earned on a prior savings deposit in terms of simple
interest.The following calculation is based on a sole deposit amount. So it is important to not include any additional account activity. Ideally this is suited for a account that is set aside and dedicated for a specific purpose. |
1 Can
be a whole number(s) with decimal, to figure incomplete years.
[find partial year by dividing day numbers by 365 for
the year]
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Important:
The information provided is for educational purposes only and the displayed
results are not guranteed.
Always consult a financial professional before committing.