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Get started freeWork out the interest on a straightforward loan or deposit. Enter the principal, the rate and the time to see the interest and the total, useful for a short loan agreement or a quick estimate.
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Interest calculated only on the original principal, at a fixed rate over time. It does not compound, so it is easy to work out and common on short loans.
Often on short-term loans and some deposits. If you are lending money on a loan agreement, this shows the interest clearly.
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