## Simple Interest

This Calculator helps you to calcualte the simple interest of the provided loan amount.

#### Simple Interest Calculator

Rs.
Years
%

Result:

 Principal amount: 0 Number of years: 0 Interest Rate %: 0 Simple Interest 0

### How to use this Simple Interest Calculator?

• Principal Amount: Enter the principal amount.
• Number of years: Enter the number of years.
• Interest Rate: Enter the interest rate.

### Simple Interest Calculation Formula:

This Simple Interest calculator using the below formula in order to calculate the interest value.

#### Si = P × i × n

Where,

• Si = Simple Interest
• P = Principal amount
• n = Number of years
• i = Rate of Interest

### Simple Interest Calculation Example:

Below table will provide an example of how simple interest is calculated. In this exampl, an investment of Rs.20000 was made for 4 years with interest rate of 10%.

 Years Calucation of Interest Earned Interest Closing balance Year 1 20000 * 10% Rs.2000 Rs.20000 Year 2 Rs.20000 * 10% Rs.2000 Rs.20000 Year 3 Rs.20000 * 10% Rs.2000 Rs.20000 Year 4 Rs.20000 * 10% Rs.2000 Rs.20000

If you would like to calculate the initerest with compounding, please try our Compound Interest Calculator.