Simple Interest Calculator
Calculate simple interest for loans, deposits, and investments
Simple Interest Calculator
Simple Interest Formula:
SI = (Principal × Rate × Time) / 100
Initial loan or deposit amount
Rate of interest per year
Duration in years
Simple Interest
₹2,400
Total Amount (Principal + Interest)
₹12,400
Principal:₹10,000
Interest Rate:8% per year
Time Period:3 years
SI = (10,000 × 8 × 3) / 100 = ₹2,400
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