Tools
Simple & Compound Interest Calculator
Work out interest the easy way. Switch between simple and compound interest, set the rate and time, and see the total instantly.
Interest type
₹1,00,000
8%
5 yr
Total amount (compound interest)
₹1,46,933
- Principal
- ₹1,00,000
- Interest
- ₹46,933
- Total amount
- ₹1,46,933
Simple interest = P × R × T ÷ 100. Compound interest grows on previous interest too, so it’s higher for the same rate and time.
FAQ
Frequently asked questions
Simple interest is calculated only on the principal. Compound interest is calculated on the principal plus accumulated interest, so it grows faster for the same rate and time.
Simple Interest = Principal × Rate × Time ÷ 100. The total amount is Principal + Interest.
The more often interest is compounded (yearly, quarterly, monthly), the more you earn or owe, because interest starts earning interest sooner.
Understand your money with KisanPe
Financial tools and guidance built for rural India.