Simple Interest Calculator
Calculate simple interest and total amount.
Interest$1,800.00
Total amount$11,800.00
Work out simple interest on a principal for a given rate and time, plus the total repayable.
How to use
- Enter principal, rate and years.
- See the interest.
- Read the total amount.
Frequently asked questions
- How is it calculated?
- Interest = Principal × Rate × Time ÷ 100.
- Is this compound interest?
- No, use the compound interest tool for compounding.