Simple Interest Calculator

Fill in the principal amount, interest rate, and tenure below. Then click on ‘calculate’ to view the resulting Simple Interest and the breakup

PRINCIPAL

 
 

INTEREST RATE

%
 
 

TENURE

years
 
 

What is Simple Interest?

Simple interest is based on the original principal amount of a loan or bank deposit. This means that the borrower never has to pay interest on the accrued interest. Simple Interest does not take into account the factor of compounding.