What is the simple interest formula?

I = P × R × T / 100. Where P is Principal, R is Rate, and T is Time in years.

Free Simple Interest Calculator Online

Principal Amount

Annual Rate (%)

Time (Years)

Formula:

Interest (I) = P × R × T / 100 Total Amount = P + I

Calculate simple interest without compounding. View your total principal + interest effortlessly.

Calculate wealth growth via compound interest over time.

Calculate your Equated Monthly Installment (EMI) with visual breakdowns.