Finance

Simple Interest Calculator

Calculate simple interest.

Enter values and click Calculate.

How to Use This Calculator

  1. Enter Principal.
  2. Enter Rate (%).
  3. Enter Time (years).
  4. Click Calculate to view the result.
  5. Review the calculated result shown below the form.
  6. Use Reset to clear the values and start again.

Formula

Simple interest=Principal × Rate (%) × Time (years) ÷ 100