Finance Calculators

Simple Interest Calculator – Calculate Interest Easily

Calculate simple interest on loans or investments. Find the interest amount and total amount with our easy calculator.

Principal Amount

৳

Interest Rate (%)

Time (Years)

Simple Interest Calculator Formula

Simple Interest = P × r × t

Where:

- P = Principal amount

- r = Annual interest rate (decimal)

- t = Time in years

Total Amount = P + Interest

Principal: ৳585,000.00, Rate: 6%, Time: 3 years

Interest = ৳585,000.00 × 0.06 × 3 = ৳105,300.00

Total = ৳585,000.00 + ৳105,300.00 = ৳690,300.00

What is simple interest?

When is simple interest used?

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