Simple Interest Formula / Calculation - Effects of Borrowing zero over Years

How to calculate interest on a loan or investment

The following calculation should help if perhaps you are looking for a mortgage interest formula or loan interest formula or alternatively you want an investment interest formula.

To calculate the interest on 0.00 at % interest per year after year(s) we need to apply a simple formula or calculation.

The formula we'll use for this is the simple interest formula and it is applied as follows:

Where:

P is the principal amount or loan amount, 0.00.
r is the interest rate, % per year, which in decimal form is, /100=0
t is the term involved, year(s) time periods.
So, t is year time periods.

To find the interest, we multiply 0.00 x 0 x which results in the following:

The interest payable is: 0.00 (zero)

Usually now, the interest is added onto the principal to figure some new amount after year(s), or 0.00 + 0.00 = 0.00. For example:

Using this calculation, if you borrowed the sum of 0.00, you would owe 0.00 in years time.
If you loaned someone 0.00, you would be due 0.00 in years time.
If owned something, like a 0.00 bond, it would be worth 0.00 in years time.

Disclaimer: The formulaes/calculators above should be used for guidance only. Please refer to the financial institution you are dealing with for exact methods of computation. Some institutions might implement other variations of the methods described.