Money Market Calculator

How the Money Market calculator works

Formula. Annual interest = principal × rate / 100. Total interest = annual interest × years. Final amount = principal + total interest.

Example. $10,000 at 5% for 2 years earns 10,000 × 0.05 = $500 a year. Total interest is 500 × 2 = $1,000, so the final amount is 10,000 + 1,000 = $11,000.

Limitation. Interest is simple, not compounded, and the page does not apply fees or a variable rate.