This formula holds:
Annual interest = capital * (interest rate /100)
Interest calculation
What is interest calculation?
Interest calculation helps to find out what interest you get given a fixed amount of money. Interest calculation is like percentage calculation.
What do the words capital, annual interest and interest rate mean?
The capital is the amount of money you got. The interest rate is the percentage value of money you get for interest. The annual interest equals interest rate * capital.
What can this calculator do?
It can help you with simple interest calculation for annual interests.