Custom Search

# Simple Interest Calculator

Use the Simple Interest Calculator to determine how much interest you would pay or receive by borrowing or lending a given amount of money (principal) at a fixed annual rate of return for a specified period in years.

For example, if you borrow \$1,000 at a 5 percent annual rate of return, after 10 years you would have paid \$500 in interest. If you lend \$1,000 at a 5 percent annual rate of return, after 10 years you would have received \$500 in interest.

With simple interest all payments are equal.

Form Input

On the calculator form, enter only numbers (with or without decimal points).

Do not enter currency symbols like dollar signs, commas or percent signs.

 Compound Interest Calculator Principal: \$ Annual Rate of Return: % Number of Years: Interest \$ Principal plus Interest \$

Computational Notes:

The interest is computed using the following simple interest formula:

Interest = Principal * (1 + Annual Rate of Return / 100) * Number Years

Related Calculators