METHOD
How it is calculated
Interest = principal × annual rate / 100 × days / basis.
% Loans and personal finance
Simple interest calculator
Calculate simple interest with an explicit day-count basis.
01
Your inputs
Starting values are an example. Replace them with your own.
Your inputs stay in your browser.
02
Your result
Enter your details and run the calculation.
TRACEABLE
Sources and validity
Basic arithmetic or geometry using the formula shown. Uses only your inputs.
How we maintain data ↗