Simple Interest Calculator
Calculate simple interest earned, total maturity value, and interest rates for basic loans and fixed deposits.
Calculate simple interest earned, total maturity value, and interest rates for basic loans and fixed deposits.
Calculate simple interest on your principal amount
Simple interest is a quick method of calculating the interest charge on a loan or investment. It is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments.
Formula: SI = (P × R × T) / 100