Calculate Simple Interest
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About This Tool
This calculator determines the Simple Interest (SI) and the total amount payable based on the principal, rate, and time period.
The formula used is:
Simple Interest (SI) = (P × R × T) / 100Total Amount = P + SI
- P = Principal Amount
- R = Annual Interest Rate (in percentage)
- T = Time Period (in years - calculated from your input in years or months)
Enter the details, and the calculator will show the interest earned and the final amount.
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