Simple Interest Calculator
Calculate simple interest quickly and easily
Simple Interest
₹9,000
Total Amount
₹59,000
Simple Interest Calculation Results
₹9,000
for 3 years at 6% p.a.
₹50,000
Principal
₹9,000
Simple Interest
₹59,000
Total Amount
What is Simple Interest?
Simple Interest is a method of calculating the interest amount for a principal amount over a specific period. It is commonly used in banking and finance to calculate short-term loans or deposits.
Formula: Simple Interest = (P × R × T) / 100
- P = Principal Amount
- R = Rate of Interest per annum
- T = Time in years
This calculator helps you compute the total interest and final amount you’ll receive or pay based on the given values. You can use it for personal loans, savings accounts, fixed deposits, and more.