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Simple interest
Calculate interest without compounding. Estimate only; verify assumptions, fees and taxes.
Simple interest equals principal × annual rate ÷ 100 × years. The result separates interest from the total balance; for 1,000 at 5% over two years, interest is 100 and the total is 1,100.
How to use
- Enter your text, values, or image.
- Adjust the options and run the tool.
- Copy or download your result.
Worked example
Example input
Principal: 1000 Rate (%): 5 Years: 2
Example result
{
"interest": 100,
"total": 1100
}Limitations and details
The rate must be nonnegative and the term cannot exceed 1,000 years; compounding, fees and taxes are excluded.
Inputs and options
- Principal
- Number · Minimum: 0
- Rate (%)
- Number
- Years
- Number · Minimum: 0
Frequently asked questions
Is this tool free and private?
Yes. All 300 tools are free in this phase. Processing happens in your browser; your input and files are not sent to our servers.