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Simple Interest Calculator

Calculate simple interest, the total amount and yearly interest from a principal, annual rate and duration.

Your inputs

₹ INR
Choose the currency for your amounts. Values are not exchange-rate converted.
YOUR RESULT

Total amount

₹1,40,000.00
Principal
₹1,00,000.00
Simple interest
₹40,000.00
Annual interest
₹8,000.00
Years
5
Calculation method & assumptions

Simple interest = principal × annual rate × years / 100. Interest does not earn further interest.

The rate is annual. Fees and taxes are excluded.

Investment breakdown

Compare the components of the estimated total.

Investment breakdownCompare the components of the estimated total. Contributions: INR 1,00,000; Estimated growth: INR 40,000ContributionsINR 1,00,000Estimated growthINR 40,000Estimated total140.0K

Balance over time

Values at selected points in the calculation period.

Balance over timeValues at selected points in the calculation period. Year 1: INR 1,08,000; Year 2: INR 1,16,000; Year 3: INR 1,24,000; Year 4: INR 1,32,000; Year 5: INR 1,40,000140.0K105.0K70.0K35.0K0Y1Y2Y3Y4Y5INR

Detailed breakdown

5 rows
PeriodTotal contributedGrowth / interestBalance
Year 1₹1,00,000.00₹8,000.00₹1,08,000.00
Year 2₹1,00,000.00₹16,000.00₹1,16,000.00
Year 3₹1,00,000.00₹24,000.00₹1,24,000.00
Year 4₹1,00,000.00₹32,000.00₹1,32,000.00
Year 5₹1,00,000.00₹40,000.00₹1,40,000.00
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HOW IT WORKS

Three steps. Ready for what’s next.

01

Enter your inputs

Use the labelled fields and select the assumptions or dates that apply to your calculation.

02

Review the result

Results update as inputs change. Check the breakdown, calculation method and assumptions.

03

Copy or download

Copy a summary or download the calculation breakdown as a CSV.

About Simple Interest Calculator.

How simple interest is calculated

Simple interest = principal × annual rate × years / 100. Interest does not earn further interest.

What the result means

Calculate simple interest, the total amount and yearly interest from a principal, annual rate and duration.

Assumptions and scope

The rate is annual. Fees and taxes are excluded.

Using the calculator

Enter principal amount, annual interest rate, duration (years). Change the values to compare results. Calculations run in your browser. No account is required.

A LITTLE CLARITY

Good questions. Simple answers.

A few helpful answers before you get started.

Do I need an account?

No. This tool is open to everyone without signing in.

Does this tool need the internet?

Your inputs are calculated in this browser. Load the tool online before using it offline.

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