fincalculator
Simple Interest Calculator
Use this free Simple Interest Calculator to determine interest earnings without compounding. Simple, accurate, and easy to use online.
The Simple Interest Calculator computes interest that is calculated only on the principal amount, without compounding.
$
%
years
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INPUT VALUES
Principal Amount10000
Annual Interest Rate5
Time Period5
When to Use This Calculator
Common for short-term car loans or personal loans between family/friends where compounding is not applied.
Example Scenario
$10,000 Principal at 5% for 5 Years.
Interest = $10,000 * 0.05 * 5 = $2,500.