Modern Finance SimpleInterest

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SimpleInterest

Returns principal times rate times a fraction of a year, exactly.

Syntax

SimpleInterest( principal, annualRate, yearFraction )

Examples

#import "std/money"
using money

'' Interest that does not compound: principal x rate x time.  EXACT.
dim as Decimal p = DecimalParse( "10000" ).Value( )
dim as Decimal r = DecimalParse( "0.05" ).Value( )

print SimpleInterest( p, r, DecimalOne( ) ).ToString( )                     '' 500.00
print SimpleInterest( p, r, DecimalParse( "0.5" ).Value( ) ).ToString( )    '' 250.000

'' Any zero factor gives exactly zero.
print SimpleInterest( p, r, DecimalZero( ) ).IsZero( )                      '' true

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Library: Finance
Category: Finance
Documented under: Nothing Becomes A Keyword
Source: pkg/std/money/fincore.tiko in the tiko repository.