How is it calculated?

Interest = Principal × Rate × Time ÷ 100.

Is this compound interest?

No, use the compound interest tool for compounding.

Calculate simple interest and total amount.

货币PrincipalAnnual rate %Years

InterestUS$1,800.00

Total amountUS$11,800.00

Work out simple interest on a principal for a given rate and time, plus the total repayable.

How is it calculated?: Interest = Principal × Rate × Time ÷ 100.
Is this compound interest?: No, use the compound interest tool for compounding.