Financial Calculators

Simple Interest Calculator | Calculate Earnings Online

Simple Interest Calculator | Calculate Earnings Online

Simple Interest Calculator | Calculate Interest Earnings Online

Simple Interest Calculator

Calculate your interest earnings quickly and accurately

★ ★ ★ ★ ★

Rated 4.8/5 based on 142 reviews

📊 Input Details

💰 Principal Amount ($)

📈 Annual Interest Rate (%)

⏱️ Time Period (Years)

📊 Calculation Results

💵 Principal Amount

$10,000.00

📈 Annual Interest Rate

5.00%

⏱️ Time Period

3 years

💰 Total Interest

$1,500.00

🏦 Total Amount

$11,500.00

❓ Frequently Asked Questions

What is simple interest?

Simple interest is a method of calculating interest where the interest amount is based only on the original principal amount. It doesn't compound over time.

How is simple interest calculated?

Simple interest is calculated using the formula: Interest = Principal × Rate × Time. The total amount is Principal + Interest.

What's the difference between simple and compound interest?

Simple interest is calculated only on the principal amount, while compound interest is calculated on the principal plus any accumulated interest.

Can I use this calculator for loans?

Yes, this calculator works for both savings and loan scenarios. For loans, the interest represents what you'll pay in addition to the principal.

Is this calculator accurate for all types of investments?

This calculator is designed for simple interest calculations. For investments with compounding interest, you'll need a compound interest calculator.

This calculator provides estimates only. Actual results may vary based on specific financial terms and conditions.

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