Simple Interest Calculator

Calculate Simple Interest.

%
Interest Amount ()
540
Principal Amount ()
10,000
Total Payments ()
10,540

Simple Interest Calculation

Formula for Simple Interest Calculation:

Interest = (P * R)/100 * T

A = P + Interest

Where,

P: Principal or total loan amount,

R: Rate of interest

T: Number of years

A: Total accrued amount (Both principal and the interest)

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