Simple Interest Calculator is a free online tool that computes the simple interest for a given amount...

How to Use the Simple Interest Calculator?

Steps to Use the Calculator:

1. Enter the principal amount, interest rate, and time period in the respective fields.

2. The simple interest will be computed and displayed automatically.

What is Simple Interest?

In mathematics, simple interest is a method of calculating the interest on a principal amount...

Simple Interest (SI) = (P × R × T) / 100

Where:

• P – Principal amount
• R – Rate of interest
• T – Time period (in years)