Simple Interest Calculator: A Guide to Understanding and Using It

Investments earned on a scheme are calculated as gains accumulated against the interest accumulated. Such gains can be computed through two types of interest—compound or simple interest. Interest is calculated on the principal amount, and knowing how to calculate your investment’s return is crucial.

If your investment accumulates funds based on simple interest, you can use a simple interest calculator to easily compute the total funds you’ll generate upon maturity. These calculators make the process of calculating simple interest straightforward and accurate, saving you time and reducing the risk of error.