Simple Interest Calculator for Annual, Monthly, and Daily Terms

Looking to calculate simple interest on your investments or loans? Our Annual, Monthly, and Daily Simple Interest Calculator makes it easy to determine how much interest you'll accumulate over time.

What Is Simple Interest?

Simple interest is a straightforward way to calculate the interest on an investment or loan. Unlike compound interest, where interest builds on itself, simple interest is calculated solely on the principal amount.

• Annual Simple Interest: The interest is calculated once per year.
• Monthly Simple Interest: The interest is divided by 12 and applied each month.
• Daily Simple Interest: The interest is divided by 365, reflecting daily growth or charges.

How to Use Our Calculator

Simply enter the following:

1. Starting Amount: Your initial investment or loan.
2. Interest Rate: Choose annual, monthly, or daily interest.
3. Term: The length of time in years or months.

With just a few clicks, you'll see your total interest and final balance over the selected period.

Why Choose Simple Interest?

Simple interest is perfect for short-term investments or loans with fixed returns. It's easier to calculate and helps you understand your exact earnings or payments without the complexity of compounding.