Finance Calculators

Simple Interest Calculator

Calculate simple interest and the total amount from principal, rate and time in seconds.

About the Simple Interest Calculator

Simple interest is the most straightforward way to work out the cost of borrowing or the return on a deposit. It is charged only on the original principal, making it easy to understand and verify.

Enter the principal, annual rate and time in years to get the interest and the total amount payable.

How to use the Simple Interest Calculator

  1. Enter the principal.
  2. Enter the annual rate.
  3. Enter the time in years.
  4. Click Calculate.

How the calculation works

Simple Interest = P × R × T ÷ 100
P = principal · R = rate % · T = years

Example

₹50,000 at 6% for 5 years earns ₹15,000 in interest, for a total of ₹65,000.

Frequently asked questions

Interest calculated only on the original principal, unaffected by any interest already earned.
It is common for short-term loans, some fixed deposits and quick interest estimates.
Simple interest ignores accumulated interest, so it grows linearly rather than exponentially.
Enter the time in years; for months, divide the number of months by 12 to get the decimal value.

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