The SA Handbook calculator
Simple interest
Calculate non-compounding interest over a chosen period.
R
%
years
Simple interest
R 13 500
Principal plus interest
R 63 500
Interest per year
R 4 500
How to use this result
Simple interest is calculated only on the original principal. Most bank loans and investments compound instead, so check the product method.
Simple interest is calculated only on the original principal. Most bank loans and investments compound instead, so check the product method.