Calculate simple interest and the final balance over any period.
Simple interest is calculated on the principal amount, and interest from previous periods is not added to the capital. This method is used for short-term deposits, personal loans, and many basic loans.
Simple interest = (Principal × Rate × Duration) ÷ 100
Sample calculation
100 million Toman at an 18% rate over 3 years earns 54 million Toman in interest.
People search for: “how much interest does 200 million earn in one year”
At an annual interest rate of 20%, the one-year simple interest on 200 million Toman is calculated.
Interest of 40,000,000 Toman and a final amount of 240,000,000 Toman
Calculate with the Simple interest calculatorPeople search for: “how much is the monthly interest on 500 million”
Calculate the annual interest and divide it by 12 to get the monthly interest.
Annual interest of 100,000,000 and monthly interest of about 8,333,000 Toman
Calculate with the Simple interest calculatorPeople search for: “interest on capital at a 20 percent rate”
A rate of 20% means that one-fifth of the principal is paid as interest each year.
Interest of 60,000,000 Toman and a final amount of 160,000,000 Toman
Calculate with the Simple interest calculatorWith simple interest, only the principal earns interest, whereas with compound interest, the accumulated interest also earns interest.
At an annual rate of 20%, the simple interest on 200 million Toman over one year is 40 million Toman.