Interest Calculator
Calculate simple and compound interest for loans, savings, and investments.
About Interest Calculator
This interest calculator helps you calculate both simple and compound interest for various financial scenarios including loans, savings accounts, and investments.
Simple vs Compound Interest
Simple Interest: Interest calculated only on the principal amount.
Formula: Interest = Principal × Rate × Time
Compound Interest: Interest calculated on the principal plus any accumulated interest.
Formula: A = P(1 + r/n)^(nt)