Simple Interest Calculator
Calculate simple interest on loans, investments, or savings with our easy-to-use calculator. Enter the principal amount, interest rate, and time period to see your results instantly.
Formula: I = P × r × t
Input Values
The initial amount of money invested or borrowed
Annual interest rate as a percentage
Time period in years
Select your preferred currency for results
Results
Interest Earned
$1,000.00
Total Amount
$11,000.00
Frequently Asked Questions
Simple interest is interest calculated only on the principal amount, not on any accumulated interest.
Simple interest is calculated only on the principal, while compound interest is calculated on both the principal and any accumulated interest.
Simple interest is commonly used for short-term loans, some savings accounts, and certain types of investments.
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