Simple Interest Calculator.

A simple interest calculator is a utility tool that calculates the interest on loans or savings without compounding.

Principal Amount
Percent %
years
Return

Principal Amount:

Total interest:

Total Amount:

What is Simple Interest Calculator.

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.

How deos a Simple Interest Calculator work?

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.

Simple Interest Calculator Calculator Features.

Some of the features of the Simple Interest Calculator tool are as follows:

• In this, you can select different types of currency with the help of select box. Sorry if you don't have the currency of your country, if you want to add, then contact.
• For ease, you can easily increase or decrease the value with the help of slider on Principal Amount, interest, Time Period.
• In Return, we have told you with the help of Google chart, with the help of which you can easily know your return and your total investment.
• FAQs
What is Simple Interest Calculator?
When interest is charged only on the principal amount at one rate for a specified period of time, it is called simple interest.
What is the formula for simple interest?
Simple interest is calculated using the following formula: SI = P × R × T, where P = principal, R = interest rate, and T = time period.
What are the types of interest?
Simple interest.
Compound Interest.
interest rate structure.
cumulative interest or return.
Other Terms and Use.
This information was taken from Wikipedia