Simple Interest

Interest that is computed on the principal (Is)

Person (or institution) who invests the money or makes the funds available.

Person (or institution) who owes the money or avails of the funds from the lender.

Date on which money is received by the borrower.

Date on which the money borrowed or loan is to be completely repaid.

Amount of time in years the money is borrowed or invested.

Amount of money borrowed or invested on the origin date.

Annual rate, usually in percent or rate of increase of the investment.

Amount paid or earned for the use of money.

Amount after years that the lender receives from the borrower on the maturity date.