๐ต Simple Interest Calculator
Enter the principal, annual interest rate, and period to calculate simple interest and final amount.
Simple Interest Formula
I = P ร r ร t
A = P ร (1 + r ร t)
- P: Principal
- r: Annual interest rate
- t: Period (years)
- I: Interest amount
- A: Final amount
Simple interest is calculated only on the original principal. It is straightforward but yields less than compound interest over time.