Simple Interest Calculator
Simple interest is calculated only on the original principal: SI = P × R × T / 100. It's common for short-term loans and some fixed-income products.
Simple Interest Calculator
FinanceCompute simple interest on principal over time.
Simple interest details
₹1,00,000
₹
8 %
%
5 years
years
Total amount
₹1,40,000
Interest₹40,000
- Principal
- Interest
- Principal
- ₹1,00,000
- Total interest
- ₹40,000
- Total amount
- ₹1,40,000
Frequently asked questions
How is simple interest different from compound interest?
Simple interest is charged only on the principal, while compound interest is charged on the principal plus accumulated interest - so compound grows faster over time.
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