Total Interest
$45,230
This month
Calculations
347
+23 this week
Average Rate
12.5%
Annual average
Processing Time
1.2s
Average calculation
Available Interest Methods
Different calculation methods supported by the system
SIMPLE12 accounts
Simple Interest
Linear interest calculation (I = P × R × T)
COMPOUND8 accounts
Compound Interest
Compounding interest (A = P(1 + r/n)^(nt))
REDUCING_BALANCE15 accounts
Reducing Balance
Daily interest on outstanding balance
FLAT_RATE5 accounts
Flat Rate
Fixed percentage of original principal
Recent Calculations
Latest interest calculations performed
LOAN-001
REDUCING_BALANCEPrincipal:
$10,000
Interest:
$234.50
Duration:
30 days
Date:
2025-01-15
SAVINGS-002
COMPOUNDPrincipal:
$5,000
Interest:
$125.75
Duration:
90 days
Date:
2025-01-14
DEPOSIT-003
SIMPLEPrincipal:
$15,000
Interest:
$187.50
Duration:
45 days
Date:
2025-01-13
| Account | Principal | Method | Duration | Interest | Date |
|---|---|---|---|---|---|
LOAN-001 CALC-001 | $10,000 | REDUCING_BALANCE | 30 days | $234.50 | 2025-01-15 |
SAVINGS-002 CALC-002 | $5,000 | COMPOUND | 90 days | $125.75 | 2025-01-14 |
DEPOSIT-003 CALC-003 | $15,000 | SIMPLE | 45 days | $187.50 | 2025-01-13 |