Simple & Compound Interest Calculator

Simple & Compound Interest Calculator

Principal amount

₹

Rate of interest

%

Time period

Years

Principal amount

₹

Rate of interest

%

Time period

Years

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Simple Interest Formula:
SI = (P × R × T) / 100

Compound Interest Formula:
CI = P × (1 + R / 100)^T − P

This calculator helps compare simple and compound interest easily for loans, savings, investments, and academic purposes. Compound interest grows faster because interest is calculated on accumulated interest as well.