📊 Overview

Our Simple Interest Calculator helps you calculate simple interest for any principal amount, rate of interest, and time period. Whether you're trying to calculate the interest on a loan, deposit, or investment, this tool makes it quick and easy to get accurate results.

Just input the required values and the tool will calculate the interest and total amount for you instantly. This tool is perfect for financial planning, budgeting, or understanding the interest on your savings or loans.

✅ Key Features

• ✔️ Calculate simple interest based on principal, rate, and time
• ✔️ Quick and easy-to-use interface
• ✔️ Helps in financial planning and budgeting
• ✔️ Ideal for calculating loan interest or investment returns
• ✔️ Free and accessible on any device

📋 How to Use the Simple Interest Calculator

• Enter the principal amount (the initial investment or loan amount)
• Input the annual rate of interest
• Enter the time period (in years)
• Click the "Calculate Interest" button

You will see:

• The calculated simple interest
• The total amount (Principal + Interest)

💰 Why Use Our Simple Interest Calculator?

• 📝 Perfect for understanding loan interest or investment returns
• 💡 Ideal for students, professionals, or anyone calculating simple interest
• 🔍 Helps in budgeting and financial planning
• 🔐 No personal data is stored — your privacy is maintained

📊 Demo: How Simple Interest Calculation Works

Principal Amount: ₹5,000
Annual Rate of Interest: 8%
Time Period: 3 Years

Result:

• Simple Interest: ₹1,200
• Total Amount: ₹6,200 (Principal + Interest)

The calculator uses the formula:

• Simple Interest: (Principal × Rate × Time) / 100
• Total Amount: Principal + Interest