Simple Interest Calculator
Calculate simple interest that accrues only on the original principal, not on prior interest. Free.
No signup100% in your browserFree forever
—
Frequently Asked Questions
- How is simple interest different from compound?
- Simple interest is charged only on the original principal, whereas compound interest also earns on accumulated interest.
- Where is simple interest used?
- Short-term loans, some bonds and basic savings promotions often use simple rather than compound interest.