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SBI SecuritiesAn SBI Group Company

Simple Interest Calculator

Calculate simple interest on your investments or loans with our easy-to-use calculator.

Enter Details

₹1,00,000
₹10,000₹1,00,00,000
8%
1%20%
5 Years
1 Year30 Years

Results

Total Amount

1,40,000

Principal

1,00,000

Total Interest

40,000

Monthly Interest

667

Yearly Interest

8,000

Simple Interest Formula

SI = (P × R × T) / 100
  • SI = Simple Interest
  • P = Principal Amount
  • R = Rate of Interest (per annum)
  • T = Time Period (in years)