How to Use the Simple Interest Calculator

Easily calculate interest earned on an investment or loan:

1. Enter Principal Amount
   Type the original amount of money (the principal) into the “Principal Amount” field.
2. Input Interest Rate (%)
   Enter the annual interest rate in percentage in the “Interest Rate (in %)” field.
3. Specify Time Period (in years)
   Fill in the number of years the money will be invested or borrowed in the “Time Period (in years)” field.
4. Choose Currency
   Select your preferred currency from the “Currency” dropdown menu.
5. Click “Calculate”
   Press the green Calculate button to process the values.
6. View Results
   • Simple Interest: Displays the interest earned over the entered period.
   • Total Amount: Shows the final amount (Principal + Interest).

This Simple Interest Calculator is ideal for quick financial planning, savings goals, or estimating loan payments.