Simple Interest Calculator

Enter value and click on calculate. Result will be displayed.

I = (P x R x N) / 100
P = Principal
R = Rate
N = Years
I = Simple Interest

Principal:
Rate:
Years:
Interest:

A Simple Interest Calculator is a tool that helps you quickly calculate the interest earned or paid on a loan or investment over a period of time based on a fixed interest rate. It uses the concept of simple interest, where the interest is calculated only on the principal amount, not on any accumulated interest.

The formula for calculating simple interest is:


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Where:

P is the principal amount (the initial sum of money).
R is the annual interest rate (as a percentage).
T is the time the money is invested or borrowed for, in years.
The total amount (including interest) is calculated by:

Total Amount=P+Simple Interest
A Simple Interest Calculator makes this process faster by letting you input these values and instantly calculating the interest and total amount.