Simple Interest Calculator

Estimate interest and total maturity when interest is calculated only on the original principal, without compounding.

Time Period

Total Interest Earned

₹

Total Maturity Value

₹

How simple interest is calculated

Simple interest is calculated only on the starting principal: Interest = Principal × Annual rate × Time in years ÷ 100. Total maturity is the principal plus that interest.

Principal

The original amount on which interest is calculated.

Annual rate

The entered percentage is treated as a yearly simple-interest rate.

Time

Months are converted to 1/12 of a year and days to 1/365 of a year.

Worked simple-interest example

For a principal of ₹1,00,000 at 8% per year for 5 years, the calculator estimates:

Principal
₹1,00,000
Interest
₹40,000
Total maturity
₹1,40,000

Frequently asked questions

What is the difference between simple and compound interest?

Simple interest uses only the original principal. Compound interest also earns returns on previously accumulated interest.

Can I enter a partial year?

Yes. Enter any combination of years, months, and days; the calculator converts them into a fraction of a year.

Does the result include taxes or fees?

No. It is a formula-based gross estimate and does not deduct tax, fees, penalties, or other charges.