Simple Interest Calculator
Calculate simple interest quickly and accurately. Enter your principal amount, interest rate, and time period to get instant results with detailed breakdowns.
Input Values
Results
Simple Interest Earned
$0.00
interest
Total Amount
$0.00
final amount
Interest Breakdown
Daily Interest
$0.00
Monthly Interest
$0.00
Yearly Interest
$0.00
Simple Interest Formula
Simple Interest = (Principal × Rate × Time) / 100
Total Amount = Principal + Simple Interest
- Principal: The initial amount of money
- Rate: The annual interest rate (as a percentage)
- Time: The time period (in years)
Examples
Example 1:
Principal: $1,000 | Rate: 5% | Time: 2 years
Interest: (1000 × 5 × 2) / 100 = $100
Total Amount: $1,000 + $100 = $1,100
Example 2:
Principal: $5,000 | Rate: 8% | Time: 3 years
Interest: (5000 × 8 × 3) / 100 = $1,200
Total Amount: $5,000 + $1,200 = $6,200
Calculation History
| Date | Principal | Rate | Time | Interest |
|---|---|---|---|---|
| No calculations yet | ||||