Simple Interest Calculator - Calculate simple interest instantly with IIFL Capital SI Calculator. Enter principal, rate, & time to find interest & total amount quickly!

How to calculate simple interest on a loan Simple interest is most commonly used for short-term loans – like payday loans, or some types of personal or auto loans.

Lenders calculate how much interest you’ll pay with each payment in two main ways: simple or on an amortization schedule. Short-term loans often have simple interest. Larger loans, like ...

To calculate per-diem interest, take the interest rate (be sure to express it as a decimal, so 10% becomes 0.10) and divide by 365 to determine the daily interest rate.

Simple interest calculator To calculate simple interest on a loan, multiply the principal (P) by the interest rate (R) by the loan term in years (T), then divide the total by 100.

Wondering how much interest you could earn in a savings account? Here's how to crunch the numbers to calculate your earnings.

Learn how to calculate the Simple Interest in Excel either for a single entry or a range or entries, between two dates, using this forumula.

While simple interest is generally simple to calculate over the life of a loan or investment, it can also be useful to know how much interest is accruing on a daily, or "per-diem," basis.