Simple Interest Calculator
Calculate simple interest and maturity value on a principal amount.
Assumptions used in this calculation
- No compounding: Interest is calculated only on the original principal for the full term, it never compounds even if left unpaid or unwithdrawn.
- Time period: Time is entered in years, for part-year periods enter a decimal value (e.g. 1.5 for 18 months).
About this calculator
The simple interest calculator computes interest charged or earned only on the original principal, using the formula SI = P × R × T / 100, useful for short-term loans and deposits.
Worked example
₹1,00,000 at 8% for 3 years
Result: Total interest = ₹24,000
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