Simple Interest Calculator
Calculate simple interest on your investment or loan.
Details
Result
Total Interest
$0.00
Principal Amount:
$0.00
Total Value (Principal + Interest):
$0.00
Formula
Simple Interest is calculated using the formula:
I = P × r × t
Where:
- I = Interest
- P = Principal Amount
- r = Annual Interest Rate (decimal)
- t = Time (in years)