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Simple interest calculator

Calculate simple interest, final amount, principal, rate and time.

  • Estimate interest on a simple loan.
  • Calculate basic returns.
  • Compare principal, rate and time.

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Fill in the fields to see the result.

Formula: Interest = Principal × rate × time.

Important notice

This calculation is for reference. Installments, interest, rates and final amounts may vary depending on the financial institution, fees, insurance, extra charges, payment dates and the particular conditions of the loan.

How to use this calculator

  1. 1

    Enter the principal

    Type the initial principal and the interest rate.

  2. 2

    Set the time

    Choose the time unit and the rate type (monthly or annual).

  3. 3

    Copy the result

    Interest earned and final amount.

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