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Simple Interest Calculator
Calculate interest that is not compounded.
About this calculator
Simple interest is calculated only on the original principal. Interest = P × R × T ÷ 100. Example: ₹1 lakh at 8% for 3 years earns ₹24,000, so the total amount is ₹1,24,000.
Results are estimates for information only. Please confirm important decisions with a qualified professional.
Frequently asked questions
What is the difference from compound interest?
Compound interest also earns interest on past interest, so it grows faster.
Where is simple interest used?
Some personal loans, short-term lending and certain bonds use simple interest.