This

**simple interest calculator**will solve for the initial deposit together with the interest after a certain period of time. You can use this program especially if you want to solve for the total remaining payable from a certain loan.

**Formula Accrued Amount**

A = P(1 + RT)where

**A = Acrued Amount (Principal + Interest)**

**P = Principal**

**R = Rate**

**T = Time**

First thing to do is to convert the rate into percent. Let's say the interest per year is

**5%**, then we need to convert it to decimal by dividing by 100 and the result is

**0.05**. And remember that the time should be expressed in

**years**.

**PHP and HTML Code**

**Output**

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