Simple Interest Calculator.
A simple interest calculator is a utility tool that calculates the interest on loans or savings without compounding.
Your investment:
Principal Amount:
Total interest:
Total Amount:
A simple interest calculator is a utility tool that calculates the interest on loans or savings without compounding.
Principal Amount:
Total interest:
Total Amount:
Whenever we lend money to any person, then we take interest on those money for a fixed time which we call simple interest. To calculate this simple interest, we have created this tool, with the help of which you can calculate simple interest.
A Simple Interest calculator work on the following formula.
SI= P X R X T /100
In the above formula
SI | Simple Interest. |
P | Principal. |
R | Rate of interest. |
T | Time. |
Mr. X has invested an amount of Rs. 10000 at an interest rate of 7% for almost 5 years. So his SI will be calculated as Rs. (10000 X 7 X 5/100) which is equal to Rs.13500.
Some of the features of the Simple Interest Calculator tool are as follows: