Simple Interest Calculator
Work out simple interest and the total amount on a principal at a fixed yearly rate.
₹
₹1,000₹1 Cr
Enter a value between 1000 and 1000000000.
%
1%30%
Enter a value between 1 and 30.
Yr
0.25 Yr30 Yr
Enter a value between 0.25 and 30.
Simple interest
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Frequently asked questions
What is simple interest?
Simple interest is charged or earned only on the original principal, not on interest already added.
What is the formula?
Simple interest = P × R × T ÷ 100, where P is the principal, R the yearly rate in % and T the time in years.
Simple or compound interest?
Most deposits and investments compound, so they grow faster than simple interest. Use our Compound Interest Calculator to compare.
Disclaimer: This calculator is for illustration only. Results are estimates before tax and do not represent any product offered by Peeaar Securities.