Simple Interest Calculator

Calculate interest on loans or investments using the simple interest formula.

Simple Interest Calculation

Enter principal amount, interest rate, and years to calculate simple interest and total amount.

Formula Used:

The formula for simple interest is:

SI = P × R × T / 100

  • SI = Simple Interest
  • P = Principal amount
  • R = Annual interest rate (%)
  • T = Time in years

Total Amount (A) = P + SI