Simple Interest Calculator
Calculate simple interest with interactive sliders and visual breakdown
Calculate Simple Interest
₹1,000₹10,00,000
1%25%
1 years30 years
Simple Interest Formula:
I = P × R × T
Where: P = Principal, R = Rate, T = Time
Simple interest doesn't compound over time
Interest Calculation Results
Use the sliders above and click calculate to see results
When to Use Simple Interest
Short-term Loans
Personal loans, car loans, and short-term borrowing
Easy Calculation
Simple formula for quick interest calculations
Predictable Returns
Fixed interest amount that doesn't compound