Interest Calculator
Calculate simple interest on principal
Formula Used
Simple Interest = (Principal × Rate × Time) / 100
Step-by-Step Explanation
- 1Enter the principal amount, annual interest rate, and time period.
- 2See the simple interest earned and total amount instantly.
Worked Examples
Example 1
$10,000 at 5% for 3 years
Principal=$10,000, Rate=5%, Time=3 years
Interest = $1,500, total = $11,500
Frequently Asked Questions
Related Calculators
Tax Calculator
Estimate your income tax based on your earnings and bracket
Try nowPopular
VAT Calculator
Add or remove VAT from any price instantly
Try nowPopular
Loan Calculator
Calculate monthly payments, total interest, and amortization schedule
Try nowPopular
Mortgage Calculator
Calculate mortgage payments, interest, and total cost
Try now