Interest Calculator

Compute simple interest earned or owed on a principal balance.

Advertisement

Simple Interest Calculator

Calculate simple interest earned or owed on a principal balance over time.

$
%
years

Total amount

Principal

Total interest

Enter your details and press Calculate to see an instant breakdown.

How the simple interest calculator works

Simple interest is calculated only on the original principal — it does not compound over time.

I = P × r × t
  • I — interest earned or owed
  • P — principal amount
  • r — annual interest rate (as a decimal)
  • t — time in years

Example: $5,000 at 6% simple interest for 3 years earns $900 in interest, for a total of $5,900.

Use it to: estimate returns on simple-interest instruments like certain bonds, certificates of deposit, or short-term notes.

Advertisement