Savings
Simple Interest Calculator
Calculate simple interest on loans or investments with fixed principal and rate.
Formula
SI = P × r × t; A = P + SI
P = Principal, r = Annual rate, t = Years
Results
Enter values above to see results
SI = P × r × t; A = P + SI
Simple interest is calculated only on the original principal amount. The formula SI = P × r × t is commonly used for short-term loans, term deposits, and some government schemes. It does not include interest on interest.
A simple interest loan of ₹2,00,000 at 8% p.a. for 3 years
Input Values
Calculation
Applying the formula with the input values above:
Results
Total Amount
₹2,48,000.00
Interest
₹48,000.00
- 1Enter the principal loan or deposit amount.
- 2Input the simple interest rate per annum as specified.
- 3Enter the tenure in years (simple interest is calculated on original principal only).
- 4Use this for short-term loans or fixed deposits that pay simple interest.
- 5Most savings accounts and recurring deposits use simple interest, not compound.
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