Simple Interest Calculator

Simple Interest is calculated using the formula: SI = (P × R × T) / 100, where P is the principal amount, R is the rate of interest per annum, and T is the time period in years.

Unlike compound interest, simple interest is calculated only on the principal amount throughout the investment period. This calculator provides a detailed yearly breakdown and allows you to share your calculations with others through a shareable link.

Simple Interest Formula:

Simple Interest = (Principal × Rate × Time) / 100

Total Amount = Principal + Simple Interest

Features:

• Calculate simple interest for any time period
• Yearly breakdown of interest accumulation
• Shareable calculation links
• Auto-calculation from shared URLs
• Compare with compound interest

Use Cases:

• Fixed deposit calculations
• Loan interest calculations
• Investment planning
• Educational purposes