Simple Interest Calculator
Principal × Rate × Time. Interest on principal only.
Simple interest = P × R × T. No compounding. Common for short-term loans and udhar.
How to use
- Enter principal, annual rate, and time (years or months).
- Get interest and total amount.
Formula
Simple Interest = P × R × T ÷ 100. P=principal, R=rate % per year, T=time in years.
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FAQs
What is simple interest?
Interest = Principal × Rate × Time. Interest stays same each period, no compounding.
When is simple interest used?
Udhar/credit, short-term loans, some FDs. Easier to understand than compound.
Track udhar and interest
Stockkeeper tracks credit given. Manage dues and reminders.
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