# 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.

Return

Principal Amount:

Total interest:

Total Amount:

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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:

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

Compound Interest.

interest rate structure.

cumulative interest or return.

Other Terms and Use.

This information was taken from Wikipedia