# Simple Interest Formula — The best interest calculator!

> The best interest calculator! (iPhone/iPad app by Jose Sapon.)

- Source: https://appshunter.io/ios/app/simple-interest-formula/id6448737500 (this page in markdown: same URL + `.md`)
- Developer: [Jose Sapon](https://appshunter.io/developer/1833571607)
- Category: Utilities, Finance
- Price: Free
- Age rating: 17+
- Requires: iOS 12.1 · 37 MB
- Languages: English
- Released: 2023-05-05
- Data updated: 2025-12-17
- User reviews in markdown: https://appshunter.io/ios/app/simple-interest-formula/id6448737500/reviews.md

## What is Simple Interest Formula?

A simple interest formula is a mathematical equation used to calculate the interest earned on a principal amount of money over a set period of time. It is a basic formula that is widely used in finance, banking, and investment industries to determine the amount of interest that will accrue on a loan or investment. The formula is simple and straightforward, making it easy for anyone to use and understand.


In conclusion, the simple interest formula is a useful tool for calculating interest earned on loans, investments, and savings accounts. It is easy to use and provides a quick and accurate way to determine the amount of interest that will accrue over a set period of time. By understanding how to apply the formula, you can make informed financial decisions and manage your money more effectively.


## Version history (last 2 releases)

### 1.1 — 2023-05-05

bug fixes

### 1.0 — 2023-05-05

No release notes.

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All apps by Jose Sapon: https://appshunter.io/developer/1833571607

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2025-12-17.*