Simple Interest Calculator

Loan/Investment Details

Total Amount
$11,200
Principal
$10,000
Interest
$1,200
Interest Rate
12%

Simple Interest Calculator Guide

Compute simple interest on loans or investments with BitBotBoo's free calculator by entering principal, annual rate, and duration to see total interest and final balances without building complicated spreadsheets yourself.

How it works
  1. Enter principal amount.
  2. Set annual interest rate and time in years.
  3. Calculate total interest and final amount.
  4. Compare different rates or durations.
Key features/options
  • Simple formulaI = P × R × T on principal only.
  • Final balancePrincipal plus interest.
  • Easy inputsNo spreadsheet needed.
  • InstantBrowser-based math.
Common uses
  • Short-term loans and notes.
  • Basic investment estimates.
  • Homework and finance classes.
  • Quick what-if scenarios.
Privacy & features
  • Not stored on servers.
  • Free.
  • Clear principal/interest split.
FAQ

What is simple interest?

Interest on the original principal only, not on prior interest.

When used?

Some short loans and bonds; many savings use compound instead.

Saved?

No.