📐
Simple Interest Calculator (2026)
Calculate simple interest on loans and deposits instantly.
SI = (P × R × T) / 100
Loan/Deposit Details
₹1.0 L
₹10,000₹10,00,000
8%
1%20%
3 years
1 yrs30 yrs
📐 Formula
SI = (P × R × T) / 100P = Principal, R = Rate, T = Time
Principal Amount₹1,00,000
Interest Earned₹0
Total Amount₹0
About Simple Interest
Simple Interest (SI) is calculated only on the principal amount. Unlike compound interest, it does not account for interest on interest.
When is SI Used?
- Personal loans and car loans
- Short-term deposits
- Government bonds
- Certificate of deposits (CDs)