Calculate simple interest on a principal amount.
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Get a simple explanation of the formula used in this calculator.
P * R * T / 100
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Total Interest
₹ 25,000
Total Amount
₹ 1,25,000
The **Simple Interest Calculator** provides a straightforward way to determine the interest earned on a principal amount over a specific period. Unlike compound interest, simple interest is calculated only on the initial amount (the principal) and does not include interest on previously earned interest. It's often used for short-term loans or investments.
The results will instantly show the total interest earned and the final amount (principal + interest).