Simple Interest Calculator
Calculate flat-rate simple interest for short-term loans, deposits, and personal savings.
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₹1K₹1Cr
%
1%30%
yrs
1 yr40 yrs
What is Simple Interest?
Simple interest is a quick method of calculating the interest charge on a loan or investment. It is determined by multiplying the daily/annual interest rate by the principal amount and the number of days or years that elapse.
The simple interest formula is: SI = P × R × T / 100