ASIC Money Smart Calculator
ASIC Money Smart Calculator Enter Principal Amount ($):Enter Annual Interest Rate (%):Enter Time Period (Years):Calculate
Features
- User Inputs:
Principal amount in dollars.
Annual interest rate in percentage.
Time period in years.
- Outputs:
Total interest earned.
Total amount after adding the interest.
- Responsive Design:
Works perfectly on mobile and PC.
Adjusts to small and large screens.
- Validation:
Ensures users enter valid numbers for all fields.
Displays an error message for invalid input.
- Placement:
Calculator is displayed right below the header.
Medium-sized, with a clean and user-friendly design.
How It Works:
- The user enters the principal amount, annual interest rate, and time period.
- When the user clicks "Calculate", the calculator uses the simple interest formula:
\text{Interest} = \frac{\text{Principal} \times \text{Rate} \times \text{Time}}{100}
This is perfect for educational and practical use.