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Simple Interest Exact Days Savings Calculator

This calculator requires the use of Javascript enabled and capable browsers. It is designed to calculate the simple interest on a savings account over a finite time period. This is NOT compound interest. The Simple Interest Calculation Formula is:

Deposit Amount (in dollars and cents) x Interest Rate x Time On Deposit (in days) = Total Earned Interest

You must select the values to enter the Starting Month, Day and Year, and the Ending Month, Day and Year for the time of deposit. Enter the amount of the savings deposit and the simple interest rate. Click on Calculate. The calculation is done in days, EXACT calendar days! The time period is the exact number of days as computed by a Julian calendar, even if multiple years are spanned, also if leap years are involved. Determined values are the number of days involved in the transaction, the interest total and the principal and interest total.

Today Is
Starting Date
Ending Date
Simple Interest Rate %
Deposit Account Balance  $
   
Calculated Results
Time On Deposit In Days    
Actual Total Interest Earnings  $
Actual Total Principal And Interest  $
Updated: 8/12/11


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