Basic Math

Simple Interest Calculator

Calculate simple interest payouts and maturity balances instantly with customized tenure options.

Principal Amount (₹) Principal

₹

Rate of Interest (% p.a.) Annual rate

Tenure Mode Years

Estimated Future Value

₹1,50,000.00

Calculated on flat linear simple interest.

66%

Principal

Principal: 66.7%

Interest Accrued: 33.3%

Initial Principal

₹1,00,000.00

Interest Accrued

₹50,000.00

Future Yield Balance

₹1,50,000.00

Year	Opening Principal (₹)	Interest Accrued (₹)	Closing Balance (₹)

Understanding Simple Interest

The primary math model for short-term and non-cumulative loans.

What is Simple Interest?

Simple Interest is calculated only on the initial principal amount of a loan or deposit. It does not compound, meaning the amount of interest earned or charged remains constant in each period.

                    Formula:

                    SI = (P × R × T) / 100

                    • P = Principal Amount

                    • R = Annual Rate of Interest (%)

                    • T = Time period in years (e.g. days/365, months/12)

Simple vs Compound Interest

Simple interest is typically used for short-term retail loans, agricultural loans, or simple business deposits. Compound interest is far more common for long-term savings, bonds, or standard bank deposits. Over time, compound interest grows much faster because it pays interest on the accrued interest.

Support & Help

Simple Interest Calculator

Understanding Simple Interest

What is Simple Interest?

Simple vs Compound Interest

Ready to grow your business?

Product

Company

Help Center

Support & Help

Simple Interest Calculator

Interest Accumulation Timeline

Understanding Simple Interest

What is Simple Interest?

Simple vs Compound Interest

Ready to grow your business?

Product

Company

Help Center