This calculator computes the simple interest and end balance of a savings or investment account. It also calculates the other parameters of the simple interest formula.

Mar 18, 2025 · To calculate simple interest, start by multiplying the principal, which is the initial sum borrowed, by the loan’s interest rate written as a decimal. Then, multiply that number by the total …

Sep 26, 2024 · You can use our simple interest calculator to calculate the simple interest, without compounding, on your savings or loan. That is to say that interest is only calculated on the principal, …

Aug 1, 2025 · Calculate interest, principal, rate or time using the simple interest formula I=Prt. Calculator for simple interest on savings or an investment with no interest compounding.

Simple interest is a straightforward method of calculating interest on a loan or deposit. It is based on the initial principal amount, and the interest remains constant throughout the entire term of the loan or …

Sep 19, 2025 · Simple interest is an interest charge that borrowers pay lenders for a loan. It is calculated using the principal only and does not include compounding interest. This formula tends to benefit...

Jan 13, 2025 · Try the simple interest calculator below to explore how much interest you might pay (or earn) with different principal amounts, interest rates, and terms. Note: Using the simple interest …

Learn about the Simple Interest Formula I=Prt and use our online Simple Interest Calculator to solve basic problems.

Simple interest is an interest that is calculated only on the principal amount for any given time period. The formula for simple interest is SI = (PRT)/100, where P is the interest, R is the rate, and T is the …

Our online tools will provide quick answers to your calculation and conversion needs. On this page, you can calculate simple interest (SI) given principal, interest rate and time duration in days, months or …