Simple Interest Calculator
Calculate simple interest on your savings and investments.
₹ 50,000
₹ 0₹ 1,00,00,000
8 %
0%40%
3
1 years50 years
Formula to Calculate Maturity
A = P (1 + r × t)
A = Total amount (maturity)
P = Principal amount = ₹ 50,000
r = Rate of interest = 8% = 0.0800
t = Tenure in years = 3
Simple Interest Formula
SI = P × R × T / 100
SI = Simple Interest
P = Principal amount
R = Rate of interest
T = Tenure in years
Your Calculation
Maturity Amount:
A = ₹ 50,000 × (1 + 8 × 3 / 100)
A = ₹ 50,000 × (1 + 0.2400)
A = ₹ 50,000 × 1.2400
A = ₹ 62,000
Simple Interest:
SI = ₹ 50,000 × 8 × 3 / 100
SI = ₹ 50,000 × 0.2400
SI = ₹ 12,000
Total Amount
₹62,000
Principal₹ 50,000
Total Interest₹ 12,000
Principal Amount₹ 50,000
Interest Rate8% p.a.
Tenure3 years
Simple Interest+ ₹ 12,000
Total Amount₹ 62,000
Get Cready App
