Interest Calculator Wander

When you borrow money or deposit it into a savings account, the cost or gain is almost always expressed as a percentage of the amount involved. That percentage, applied over time, is called interest. But interest calculations are not always as simple as multiplying a rate by a principal amount. The way interest accrues, compounds, and gets applied can vary significantly depending on the type of loan or investment. That is where an interest calculator becomes a useful tool fo