Savings & investments
Simple Interest Calculator
Work out interest that accrues only on the original principal — no compounding — for short-term loans and deposits.
Details
Result
Total amount
₹0
Principal₹0
Simple interest₹0
How simple interest is calculated
Simple interest accrues only on the original principal for the entire period, unlike compound interest where interest also earns interest. It's the standard for many short-term loans and some fixed-return instruments.
Interest = (P × R × T) ÷ 100
P = principal, R = annual rate (%), T = time in years
P = principal, R = annual rate (%), T = time in years
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Figures are estimates for planning purposes only and do not constitute financial advice.