Simple Interest Calculator
Calculate interest and total value for loans and investments.
In-Depth Guide
Everything you need to know
Linear Growth
Unlike compound interest, simple interest is calculated only on the principal amount. Common for short-term loans and basic savings.
Clear Forecasting
Quickly determine total repayment amounts or earnings without complex compounding cycles. Perfect for quick financial planning.
The Formula
I = (P × R × T) / 100P = PrincipalR = Annual RateT = Time (Years)