ClueLuma

Simple interest future amount calculator

Add principal and noncompounding interest to obtain the final repayment amount.

F=P×(1+i×n)F = P \times \left(1 + i \times n\right)

Calculator

Enter the values you know and leave one box empty. Calculate finds the empty one, the result or any input.

$
decimal
periods
$

Worked example

Given

  • PP = 17,000 $
  • ii = 0.06 decimal
  • nn = 3 periods
F=17,000×(1+0.06×3)=20,060F = 17{,}000 \times \left(1 + 0.06 \times 3\right) = 20{,}060

Symbols and units

SymbolMeaningUnit
FFfuture amount$
PPprincipal$
iidiscount rate per perioddecimal
nnnumber of periodsperiods

Related calculators

Results are estimates for study and screening. Check the inputs, units and assumptions before you use them for design, billing or contract decisions.