Simple Interest Calculator

Calculate simple interest (si) with this accurate, fast, and easy to use calculator. Just enter the starting balance, rate of interest, and time period to get precise results instantly.

three people analyzing simple interest chart

The starting balance is the amount of funds/money in an account at the beginning.

%

The interest rate is a percentage value that is paid or received on the starting balance.

yrs

The tenure is the time period which tells you for how many years you will earn or pay the simple interest.


Final Balance

25,000

Interest Gained

15,000

Initial Amount

10,000

Monthly Interest

125

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Common questions about Simple Interest

How is simple interest calculated with formula

A = P(1 + rt)

Where,

A is the final amount.

P is the initial principal amount.

r is the annual interest rate.

t is the time in years.

From this, we get to know that your Interest value depends on 3 factors: The initial principal amount, annual interest rate, and the time.



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