Simple Interest Calculator
Inputs
Simple Interest Calculator
SI = P × R × T / 100
Primary result
Simple interest
₹21,000
Breakdown
Principal₹1,00,000
Final amount₹1,21,000
Formula
SI = P × R × T / 100
Interest is charged only on the original principal. It does not compound.
Example
₹1,00,000 at 7% for 3 years → SI ₹21,000
FAQ
Do banks use simple interest for FDs?
Most FDs compound. Use the FD or compound interest calculator for that.
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