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Calculate simple interest on loans or investments — principal, rate, time, and total maturity.
Simple interest is calculated only on the principal amount, not on accumulated interest.
Calculate simple interest
SI = ₹1,00,000 × 8 × 3 ÷ 100
= ₹24,000
Add interest to principal
A = ₹1,00,000 + ₹24,000
= ₹1,24,000
Enter the principal amount (initial deposit or loan).
Input the annual interest rate.
Set the time period in years.
View the interest earned and total maturity amount.
₹1,00,000 at 8% for 3 years
₹50,000 at 12% for 1 year