Calculate Interest Rate

Calculate Interest Rate (R)

Y M

12.00%
Interest Rate
₹ 1,00,000
Principal Amount
₹ 60,000
Interest Amount
37.50%
Interest % to Total Amount

Simple Interest Rate Calculator

What is Simple Interest ?

Simple interest is a method to calculate the interest rate on a loan payment. Interest is always depends on the original principle or sum, so interest on interest is not included.

What is Principal Amount ?

Principal is the sum of money on which the interest to be earned.

What is interest rate ?

Interest rate is the percentage at which interest accrued over time.

What is No. of Years ?

Time or period is the length of period in years.

Formula to Calculate Simple Interest Rate

The simple interest formula allows us to calculate I, which is the interest earned or charged on a loan. According to this formula, the amount of interest is given by
where

  • I is the interest amount,
  • P is the principal amount,
  • R is the annual interest rate in % form, and
  • N is the loan period expressed in years.

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