Simple Interest Calculator
Calculate the simple interest on your principal amount, based on the interest rate and time period. This simple tool helps you easily estimate interest for your loans or investments.
Calculate Simple Interest
What is Simple Interest?
Simple interest is calculated on the original principal amount throughout the entire period of the loan or investment. The formula for calculating simple interest is:
Simple Interest (SI) = (Principal × Rate × Time) / 100
Example Calculation
If you invest ₹10,000 at an interest rate of 5% for 3 years, the simple interest will be calculated as:
- Simple Interest: (₹10,000 × 5% × 3) / 100 = ₹1,500
- Total Amount: ₹10,000 (Principal) + ₹1,500 (Interest) = ₹11,500