Toolskit

Simple Interest Calculator

Calculate simple interest and the total amount from principal, rate, and time.

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About this tool

Simple interest is charged only on the original principal — the interest itself never earns more interest. It is the method behind many short-term loans and some fixed deposits.

Enter the principal, the annual rate, and the time in years, and the tool returns both the interest earned and the final amount in one step.

How to use

  1. Enter the principal amount.
  2. Enter the annual interest rate.
  3. Enter the time period in years.
  4. Read the interest and the total amount.

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