Calculate simple (non-compounding) interest from a principal, annual rate and number of years, and see the interest earned plus the total. Handy for short-term loans and quick estimates. Runs in your browser.
Simple Interest Calculator gives you accurate results instantly, with the underlying formula shown so you can trust the numbers.
Simple interest is charged only on the principal; compound interest also charges interest on accrued interest.
No — it's calculated in your browser.
Enter an annual rate; convert monthly rates to annual first.
Formula