Function simpleInterest

  • simpleInterest(P, r, t): {
        A: number;
        I: number;
    }

  • Calculate the simple interest earned on a principal over time.

    Parameters

    • P: number

      The principal. (P>0)

    • r: number

      The interest rate. (0≤r≤1)

    • t: number

      The number of periods. (t is an integer and t>0)

    Returns {
        A: number;
        I: number;
    }

    Returns an object with the accrued amount and interest earned.

    • A: number
    • I: number

    Since

    0.4.2

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