Simple Interest Calculator
Calculate simple interest on loans or investments based on principal, rate, and time.
Simple Interest Results
Total Amount
$0
After interest
Interest Earned
$0
Total interest
| Principal Amount: | $0 |
|---|---|
| Annual Interest Rate: | 0% |
| Time Period: | 0 years |
| Interest Formula: | I = P × r × t |
| Total Amount Formula: | A = P + I |
Comparison with Compound Interest
Simple interest is calculated only on the principal amount, while compound interest is calculated on the principal plus any previously earned interest.
| Interest Type | Total Amount | Interest Earned | Difference |
|---|---|---|---|
| Simple Interest | $0 | $0 | - |
| Compound Interest | $0 | $0 | $0 |
Year-by-Year Breakdown
| Year | Principal | Interest | Total |
|---|