The Leon Financial Accounting calc is used to calculate the following finance and accounting equations:

• Net Cash flow from Operation
• Current Ratio or Liquidity Ratio
• Capital Recovery Factor
• Annual Percentage Yield
• Simple interest Earned
• Debt to Equity Ratio
    

Example

In Calculating the Simple Interest earned below is the solution based on the Calc.

 1) Dick takes a loan of $8,000 to buy a used truck at the rate of 9 % simple Interest.Calculate the annual interest to be paid for the loan amount.

Solution:
From the details given in the problem Principle = P = $8,000 and R = 9% or 0.09 expressed as a decimal.

As the annual Interest is to be calculated, the time period T =1. 

Plugging these values in the simple Interest formula, 

I = P x T x R 

8000 x 1 x 0.09

720.00

Annual Interest to be paid = $720

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