Interest Calculator
Use our Interest Calculator to determine interest on loans, savings, or investments. Input principal, interest rate, and time to get accurate results for simple or compound interest.
Calculate simple interest, compound interest, and interest rates for various financial scenarios.
Interest Calculation Results
Total Amount
Interest Earned
Understanding Interest
- Principal is your initial investment or loan amount - the base for interest calculations
- Simple Interest = Principal × Rate × Time (useful for short-term loans)
- Compound Interest = Principal × (1 + Rate)^Time (better for long-term savings)
- The earlier you start saving, the more compound interest works in your favor
Smart Money Management Tips
- Start saving early - time is your biggest ally in compound growth
- Choose accounts with daily or monthly compounding for maximum returns
- Keep emergency funds in high-yield savings accounts
- Reinvest dividends and interest to accelerate wealth building
