Simple Interest Calculator

Calculate simple interest

%

Investment Time


Result
Invested forYears: 1 Months: 0 Days: 0
Rate10% per annum
Principal1,000.00
Interest100.00
Amount1,100.00

What is Simple Interest?

Simple Interest is the interest that is paid on the borrowed (lent or deposited) money for a specified time period.

Simple Interest is not compounded.

Formula

SI = (P*R*T)/100

Where,

SI = Simple Interest

P = Principal

R = Interest Rate

T = Time