Simple Interest Calculator
Calculate simple (non-compounding) interest on a loan or deposit.
$
%
yrs
How this works
Simple interest is Principal × Rate × Time, with no compounding -- the interest is always calculated on the original principal only, not on interest that's already accrued. This is how some personal loans, car loans, and short-term deposits work. If interest compounds instead (like most savings accounts and credit cards), use the Compound Interest Calculator instead.