Simple Interest Calculator
Calculate simple interest on your investments and loans
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About Simple Interest
Simple Interest is calculated only on the principal amount. It remains constant throughout the loan or investment period, making it easier to calculate and understand.
When is Simple Interest Used?
- • Personal loans
- • Car loans
- • Short-term investments
- • Some savings accounts
Key Features:
- • Interest calculated on principal only
- • Fixed interest amount per period
- • Easy to calculate and understand
- • Lower returns than compound interest