Simple Interest Calculator

Calculate simple interest and total amount using principal, annual rate, and time period. Free, instant, no signup.

%
years
Formula: I = P × r × t
  • I = interest
  • P = principal
  • r = annual rate (as decimal)
  • t = time in years

How to use the Simple Interest Calculator

  1. Enter your values. Fill in the fields with your numbers.
  2. Calculate. Press Calculate to run the simple interest calculator.
  3. Use the result. Copy the result or try a related tool next.

Why use our Simple Interest Calculator

Instant results. Enter your figures and the simple interest calculator returns an answer in seconds.
Free & private. Runs in your browser — no signup, and nothing is sent to a server.
Accurate. Uses standard formulas so you can rely on the numbers.

Free to use — premium coming soon

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About the Simple Interest Calculator

The Simple Interest Calculator works out the interest charged or earned on a fixed principal that never compounds. You enter three numbers: the principal (the starting amount), the annual interest rate, and the time period, and it returns the interest and the total amount you will repay or receive. Because the interest is always applied to the original principal and never to interest already accrued, the result grows in a perfectly straight line. That predictability is exactly why simple interest is used for products like short-term personal loans, many car loans, gold loans, and promissory notes where the lender wants a transparent, easy-to-verify figure.

Reach for this tool whenever you need a clean, no-frills answer rather than the snowballing growth of compounding. Typical moments: estimating the flat interest on a car or personal loan before you sign, checking the payout on a short fixed deposit or Treasury bill, working out what a friendly loan between people should cost, or doing homework where the textbook formula is SI = P x R x T. It is also handy as a benchmark: by comparing the simple-interest figure against a compound figure for the same principal and rate, you can see precisely how much extra compounding adds over the term.

Mechanically the calculator applies the formula SI = (P x R x T) / 100 when the rate is entered as a percentage, then adds the principal back to give the accrued total A = P(1 + rt). Time can be expressed in years, months, or days; months are divided by 12 and days by the year basis you choose. Day-based interest depends on convention: most consumer products use Actual/365, while commercial lenders often use a 360-day banker's year, which produces a slightly higher daily charge because the same rate is spread over fewer days. Picking the basis your lender actually uses is what makes the estimate match the real contract.

Every calculation runs entirely in your browser, so the principal, rate, and term you type are never uploaded, stored, or shared, you can use it for sensitive loan numbers with no privacy worry. The math itself is exact for genuine simple-interest products, but treat any figure as an estimate for amortized loans: most real car and personal loans charge simple interest on a declining balance with monthly payments, so the flat total here will run higher than an amortized schedule. Always confirm the rate type, the day-count basis, and any fees against your loan agreement before relying on a number.

Frequently asked questions

What is the formula this calculator uses?

It uses SI = (P x R x T) / 100, where P is the principal, R is the annual rate as a percentage, and T is the time in years. To get the total you owe or earn, it adds the principal back: A = P(1 + rt).

How do I enter a term that is in months or days?

Convert it to years for the formula: divide months by 12 and days by your chosen year basis (365 or 360). The calculator handles this for you when you select months or days as the time unit.

What is the difference between simple and compound interest?

Simple interest is always charged on the original principal only, so it grows in a straight line. Compound interest adds earned interest back to the balance and charges interest on that too, so it grows faster over time. For the same rate and term, the compound total is always equal to or larger than the simple total.

Do car loans really use simple interest?

Most auto loans use simple interest, but on a declining balance with monthly payments, so interest is recalculated each period on what you still owe. This calculator gives the flat simple-interest total on a fixed principal, which is a useful estimate but will be higher than an amortized schedule where the principal shrinks each month.

Why should I pick a 360-day or 365-day basis?

The basis decides how a daily rate is worked out. Actual/365 is standard for most consumer savings and loans, while a 360-day banker's year is common in commercial lending and charges slightly more interest per year. Match the basis to whatever your lender states in the contract for an accurate figure.

From our blog

How to Use a TDEE Calculator to Set a Calorie Target That Actually Works

By the Super Simple Digital Tools Team · Updated June 2026

Your Total Daily Energy Expenditure is the sum of four moving parts: your resting metabolism (BMR), the energy spent digesting food, the calories burned during planned exercise, and the often-overlooked movement of everyday life such as walking, fidgeting, and chores. BMR is the dominant piece at roughly 60 to 75 percent of the total, while everyday non-exercise movement can account for a surprisingly large and variable share. A TDEE calculator bundles these together into one number so you do not have to estimate each separately.

Getting an accurate figure starts with honest inputs. Enter your current weight, height, age, and sex precisely, because the Mifflin-St Jeor equation is sensitive to all four. The step that derails most people is the activity selector. Research suggests a large majority of people overstate how active they are, and choosing one level too high can add several hundred phantom calories to your daily target, quietly stalling fat loss before you even start.

Once you have a number, decide what to do with it. If your goal is maintenance, eat at your TDEE. For fat loss, subtract a moderate deficit, commonly 250 to 500 calories, which tends to produce a safe and sustainable loss of about half a kilogram to one kilogram per week. For muscle gain, add a modest surplus rather than a huge one, since the body can only build tissue so fast and excess calories tend to become fat.

The calculator's job ends at the estimate; your job is to validate it. Lock in your target, eat and track consistently for two to four weeks, and watch the trend on the scale rather than any single day. If you are losing or gaining faster or slower than planned, nudge your intake by 100 to 200 calories and observe for another couple of weeks. This feedback loop turns a generic formula into a number tuned to your actual metabolism.

Finally, remember that TDEE is not fixed. As you lose weight, your BMR falls and your maintenance calories drop with it, which is why progress can slow without any change in habits. Re-running the calculator after every 5 to 10 kilograms of change keeps your target honest. Treat the tool as a recurring checkpoint rather than a one-time answer, and it becomes a reliable compass for any body-composition goal.

  • Pick the activity level that matches a typical week, not your hardest week, and when in doubt round down rather than up.
  • Use the TDEE figure as a maintenance baseline first, then apply a 500-calorie deficit for about 1 lb of loss per week.
  • Weigh yourself at the same time of day a few times a week and judge progress by the multi-week trend, not daily swings.
  • Recalculate your TDEE after every 5 to 10 kg of weight change, since your BMR and calorie needs shift as your body does.

Read the full guide →

Tool by the Super Simple Digital Tools Team. Reviewed by our editorial team. Free to use, no signup required.

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