Simple Interest Calculator
Calculate simple interest on your investments or loans with ease. Get detailed breakdowns including monthly and daily payment amounts to plan your finances effectively.
Calculate Interest
Enter your loan or investment details to calculate simple interest
Calculation Results
Detailed breakdown of your interest calculations
Enter your details and click calculate to see results
Understanding Simple Interest
Learn how simple interest works and when it's commonly used in financial calculations
Simple Interest Formula
SI = (P × R × T) ÷ 100
SI = Simple Interest
P = Principal Amount
R = Rate of Interest
T = Time Period
Common Applications
Personal Loans
Calculate interest on short-term loans
Savings Accounts
Basic savings interest calculations
Fixed Deposits
Short-term investment returns
Quick Estimates
Fast financial planning calculations