Simple Interest Calculator
Calculate the interest and maturity value of your investment.
Parameters
Principal Amount
1,00,000
Total Interest
0
Maturity Value
0
Investment Growth
Projected growth of your investment over 5 years.
About Simple Interest Calculator
Simple Interest is a quick and easy method to calculate the interest charge on a loan or principal amount. Unlike compound interest, it is calculated only on the principal amount and does not include interest on interest. This calculator is useful for understanding basic loan repayments or returns on simple savings accounts where interest is not compounded.
A = P(1 + rt)
- A: Total Accrued Amount (Principal + Interest)
- P: Principal Amount
- r: Annual Interest Rate (in decimal)
- t: Time Period in Years