HOW IT IS CALCULATED
Calculate simple interest
Interest is calculated only on the original principal for the full duration.
Instant resultClear formulaRuns locally
01Values
02principal × rate × years
03Result
10000 at 5% for 3 years → 1500 interest
Simple interest does not compound
Previously earned interest does not itself generate additional interest.
02
In short
What logic does the calculator use?
principal × rate × years
Example?
10000 at 5% for 3 years → 1500 interest