Simple interest calculator
Simple interest is earned on the original sum only: each year pays the same interest, and interest is never earned on interest.
The interest on a sum when interest is paid only on the original amount
Your figures
₹
₹1,000₹10,00,00,000
%
1%20%
years
1 year30 years
Amount at the end₹1.4 L
- Principal
- ₹1,00,000
- Interest earned
- ₹35,000
- Amount at the end
- ₹1,35,000
Amount at each year end
- Principal
- Interest earned
What if
5 more years
₹1,70,000
₹35,000 higher
1% more interest
₹1,40,000
₹5,000 higher
Twice the sum
₹2,70,000
₹1,35,000 higher
How it is worked out
Interest = principal × rate × years ÷ 100. Amount = principal + interest