Simple Interest Calculator
Work out interest without compounding, using I = P × R × T.
Runs in your browser — nothing is uploaded—
Details
How to use Simple Interest Calculator
- Enter the principal, yearly rate and time.
- Choose years, months or days.
- Read the interest and total amount.
Questions
When is simple interest used?
For some short-term loans, car loans in certain countries, bonds’ coupon payments and many classroom problems. Savings accounts usually compound instead.