Simple interest calculator
Interest is calculated only on the starting amount, not on interest already earned.
Result
100.00Interest
- Amount + interest
- 1,100.00
Inputs
- Amount
- 1000
- Rate per year
- 5
- Length
- 2
How it is calculated
Interest = amount × rate ÷ 100 × years.
Result
Interest
- Amount + interest
- 1,100.00
How it is calculated
- Interest = amount × rate ÷ 100 × years.
Example
1,000 at 5% for 2 years: 1,000 × 0.05 × 2 = 100.
Good to know
- No tax or fees. Simple annual basis.
Frequently asked questions
What is this tool used for?
Interest is calculated only on the starting amount, not on interest already earned.
How is the result calculated?
Interest = amount × rate ÷ 100 × years.
What should I check before using the result?
No tax or fees. Simple annual basis.