Simple Interest Calculator
Calculates simple interest and the final balance.
Inputs
- Principal ($)
- Annual rate (%)
- Time (years)
Example
Total interest: $1,500.00
| Final balance | $11,500.00 |
|---|---|
| Principal | $10,000.00 |
How it works
Simple interest = principal × rate × time. No compounding.
FAQ
How does the Simple Interest Calculator work?
Calculates simple interest and the final balance. Simple interest = principal × rate × time. No compounding.
Is the Simple Interest Calculator free?
Yes — every calculator on Calcova is free and you can download the results to Excel.