gdgd
Interest Calculator
Calculate Simple Interest and Compound Interest easily
Investment Details
₹1,00,000
10%
5 Years
Calculation Result
Total Amount
₹1,50,000
Principal + Interest
Principal
₹1,00,000
Total Interest
₹50,000
Interest Rate
10%
Yearly Interest Breakdown
| Year | Opening Amount | Interest | Closing Amount |
|---|
Interest Calculator Formula
Simple Interest = P × R × T / 100
P = Principal amount
R = Annual interest rate
T = Time period in years
What is Interest?
Interest is the amount earned or paid on a principal amount over a specific period of time.
Simple Interest is calculated only on the original principal amount.
Compound Interest is calculated on the principal plus the interest accumulated during previous periods.
This calculator lets you compare both methods and understand how your money can grow over time.
Disclaimer:
This calculator provides mathematical estimates based on the
values entered by the user. Actual interest earned or payable
may vary depending on the financial product, institution,
compounding rules, taxes and other applicable charges.