Simple Interest Calculator
Interest and maturity amount using the simple interest formula.
₹
₹1 lakh
%
Total amount
₹1,21,000.00
Principal
₹1,00,000.00
Simple interest
₹21,000.00
Results are estimates for information only and are not financial, tax or medical advice.
How to use the simple interest calculator
- Enter principal, annual rate and time.
- Time can be in years or months.
- See interest and total amount.
Frequently asked questions
What is the simple interest formula?
Simple Interest = Principal × Rate × Time ÷ 100, where time is in years.