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Simple Interest Calculator
Calculate simple interest on a principal, annualised, monthly or any term.
Finance
Total interest
$1,800.00
Final balance
$11,800.00
Simple interest = P × r × t. Used for short-term loans, T-bills, BNPL terms. For investments and savings, use compound interest instead.
About this tool
Simple interest = principal × rate × time. Used for short-term loans, T-bills, BNPL terms.
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