Crawlability Testing Tool

Loan Calculator

Loan Amount (in Rs.): Interest Rate (in %):

Fixed Deposit Calculator

FD Amount (in Rs.): Interest Rate (in %):

 

About 'Simple Interest Calculator ' Tool

A Simple Interest Calculator is a tool for calculating the interest on a fixed-interest loan or investment. It is a straightforward method of calculating how much interest will be paid or earned over a certain time period.

You must enter the principle amount, the interest rate, and the time period to use a Simple Interest Calculator. The primary amount is the initial loan or investment amount. The percentage charged on the principle amount is the interest rate. The time period refers to the amount of time that the loan or investment will be provided.

Once you enter this information into the calculator, it will compute the amount of interest earned or paid over the selected time period. The following formula is used to calculate simple interest:

(Principal * Rate * Time) / 100 = Simple Interest

The entire interest earned or paid on the principle amount will be shown as a consequence. This is useful for financial planning and decision-making since it allows you to evaluate various investment or loan possibilities depending on the amount of interest they earn.