Simple Interest Calculator

Calculate simple interest on a principal amount.

Principal Amount

Annual Interest Rate (%)

Time Period

Total Simple Interest

+₹18,750

Principal Amount₹50,000

Total Repayment Value₹68,750

Formula (P × R × T) / 100:

(₹50,000 × 7.5% × 5 yrs) ÷ 100 = ₹18,750

💡 With annual compound interest at 7.5%, you would earn an extra +₹3,031.

Period	Interest Earned	Cumulative Interest	Total Balance
Year 1	+₹3,750	₹3,750	₹53,750
Year 2	+₹3,750	₹7,500	₹57,500
Year 3	+₹3,750	₹11,250	₹61,250
Year 4	+₹3,750	₹15,000	₹65,000
Year 5	+₹3,750	₹18,750	₹68,750

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