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Simple Interest Calculator
Calculate simple interest. This tool runs 100% locally in your browser.
Financial Disclaimer: This calculator is for estimation purposes only. Financial decisions should be made after consulting with a professional advisor. We do not guarantee the accuracy of results and are not responsible for any financial losses.
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What is Simple Interest Calculator?
Calculate simple interest on your savings or loans. Unlike compound interest, this interest is calculated only on the principal amount.
Useful for short-term loans or simple savings accounts.
When to Use This Tool
- 1Calculating interest on personal loans
- 2Estimating returns on bonds
- 3Teaching basic finance
Formula Used
A = P(1 + rt)
Examples
Input
Principal: $1000, Rate: 5%, Time: 1 Year
Result
Interest: $50
Frequently Asked Questions
How is it different from Compound Interest?
Simple interest is calculated only on the principal. Compound interest includes interest on the interest accumulated over time.
Privacy & Security
Privacy is our priority. Unlike many other online tools, ToolsHub doesn't upload your data to any server. Whether you're processing sensitive text, calculating financial data, or generating passwords, everything stays in your browser.