Category: Finance Tools
Fast • Accurate • Free
Interest Earned
₹0.00
Total Amount
₹0.00
Total Investment
₹0.00
How to use
- Enter the principal amount.
- Enter yearly interest rate.
- Enter the number of years.
- Click Calculate to see interest and total amount.
Example
Principal: ₹1,00,000
Rate: 10%
Time: 5 years
Interest: ₹50,000
Total Amount: ₹1,50,000
FAQ
What is Simple Interest? It is interest calculated only on the original principal.
Formula used? SI = (P × R × T) / 100
Is this different from compound interest? Yes. Compound interest grows faster because interest is added to principal.