Simple Interest Calculator

Calculate simple interest on a loan or investment. Simple interest is calculated only on the principal amount, unlike compound interest.

What is Simple Interest?

Simple Interest is calculated only on the original principal amount throughout the loan or investment period. It does not compound, making it straightforward to calculate compared to compound interest.

Simple Interest Formula

SI = (P × R × T) / 100, where P is Principal, R is Rate of interest per annum, and T is Time in years.