FIN 11

Simple Interest Calculator

Calculate simple interest on a loan or deposit — interest is charged only on the original principal, not on accumulated interest.

Principal amount

₹

Annual interest rate

Time period

yrs

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Principal

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Simple interest

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Total amount

Formula: Simple Interest = (Principal × Rate × Time) ÷ 100. Unlike compound interest, this doesn't add interest back onto itself each period — it's calculated once, on the original principal only.