Simple Interest Calculator - Calculate SI Online
Calculate simple interest on loans and deposits. Find out interest amount and total payable with our free SI calculator.
Loan/Deposit Details
₹1,00,000
₹10K₹10L
8%
1%20%
3 Years
1 Year30 Years
📐 Formula
SI = (P × R × T) / 100
P = Principal, R = Rate, T = Time
Interest Calculation
Simple Interest
₹0
Principal Amount₹1,00,000
Interest Earned₹0
Total Amount₹0
Amount Breakdown
Principal
Interest
About Simple Interest Calculator
Simple Interest (SI) is a quick method of calculating interest on a loan or deposit. Unlike compound interest, simple interest is calculated only on the principal amount.
Simple Interest Formula:
SI = (Principal × Rate × Time) / 100
Total Amount = Principal + Simple Interest
When is Simple Interest Used?
- Personal loans and car loans
- Short-term deposits
- Government bonds
- Certificate of deposits (CDs)