Simple Interest Calculator
Calculate simple interest on any principal amount. See year-wise interest breakdown with the SI formula.
Principal
₹1,00,000
Total Interest
₹40,000
Total Amount
₹1,40,000
Monthly Interest
₹667
Formula
SI = P × R × T / 100
SI = ₹1,00,000 × 8% × 5
SI = ₹40,000
Year-wise Breakdown
| Year | Interest | Total |
|---|---|---|
| Year 1 | ₹8,000 | ₹1,08,000 |
| Year 2 | ₹16,000 | ₹1,16,000 |
| Year 3 | ₹24,000 | ₹1,24,000 |
| Year 4 | ₹32,000 | ₹1,32,000 |
| Year 5 | ₹40,000 | ₹1,40,000 |