What is a Simple Interest Calculator?
Interest equals principal × rate × time / 100.
How is it calculated?
Enter principal, annual rate and years.
Formula used
I = P × R × T / 100
Amount = P + I
Amount = P + I
Worked example
₹1,00,000 at 8% for 3 years earns ₹24,000 simple interest.
Related calculators
Frequently asked questions
Are results guaranteed?
No. These are planning estimates based on the numbers you enter.
Grow Money Calculator provides general financial calculation tools for educational and planning purposes. Results are estimates based on the information you enter and may differ from actual lender, bank or investment-product calculations. This is not a loan offer or investment advice. Read the full disclaimer.