Simple Interest Calculator

Simply type in your interest and loan details to the calculator

See how it was calculated

For a simple illustration of how the above interest was calculated, take a look at the simple interest formula

Some other simple interest calculations

Look what interest you'd pay if you borrowed 1 million over 10 years: interest calculator

Look what interest accrues if you borrowed 500 over 6 months: interest calculator

What would be owing to you in seven years if you lent someone 5000, with an interest rate of 5% per annum: interest calculator

Disclaimer: The formulaes/calculators above should be used for guidance only. Please refer to the financial institution you are dealing with for exact methods of computation. Some institutions might implement other variations of the methods described.