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Simple Interest Calculator

The Simple Interest Calculator computes interest that accrues at a flat rate per period on the original principal — showing the interest earned and the total amount instantly.

How to use

  1. 1Enter the principal.
  2. 2Enter the rate per period.
  3. 3Enter the number of periods and see the result.

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Frequently Asked Questions

What's the difference from compound interest?

Simple interest is always calculated on the original principal; compound interest adds each period's interest back into the principal before the next calculation.