Simple Interest Calculator
Work out interest the straightforward way — no compounding involved.
Interest earned
750.00
Total amount
5750.00
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How It Works
Enter the principal amount, annual interest rate, and time in years to see the interest and total.
Interest = Principal × Rate × Time / 100
Example
$5,000 at 5% for 3 years earns $750 in simple interest, for a total of $5,750.
Frequently Asked Questions
- How is this different from compound interest?
- Simple interest is calculated only on the original principal each period. Compound interest is calculated on the principal plus any interest already earned, so it grows faster over time.
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