Simple Interest Calculator
Easily calculate simple interest on loans or investments. Enter the principal amount, interest rate, and time period to see the interest earned and the total future value.
Total Interest Earned
$0.00Total Amount (Principal + Interest)
$0.00How to Use the Simple Interest Calculator
This calculator helps you quickly determine the interest you'll earn or pay over a specific period using the simple interest formula.
- Principal Amount: Enter the initial amount of your loan or investment.
- Annual Interest Rate: Input the yearly interest rate as a percentage (e.g., enter 5 for 5%).
- Time Period: Enter the duration and select whether it's in years or months.
- View Results: The calculator will instantly show you the total interest earned and the final total amount (principal plus interest).
- Clear Button: Click the "Clear" button to reset all fields to their default values.
