Calculate your Interest free of cost with your Free Interest Calculator
As a borrower or investor, it’s important to understand how interest works. Interest is essentially the cost of borrowing money, or the reward for lending money. Interest rates can vary widely depending on the type of loan or investment, the creditworthiness of the borrower or issuer, and market conditions. Calculating interest can be a complex process, but fortunately, there are many online tools that make it easy to calculate interest for a variety of scenarios.
Interest Calculator
Interest Calculation Result
Interest Rate:
Interest Amount:
Total Amount:
One of the most common types of interest calculators is the simple interest calculator. Simple interest is calculated as a percentage of the principal amount borrowed or invested. For example, if you borrow $1,000 at a simple interest rate of 5% per year for three years, you would owe $1,150 at the end of the three years ($1,000 + ($1,000 * 5% * 3)).
To use a Interest calculator, you typically need to enter the principal amount, the interest rate, and the time period (usually in years) for which the interest will accrue. The calculator will then provide you with the total interest owed and the total amount owed or earned at the end of the time period.