Calculate Interest Rate using Principal Amount , Interest Amount, No. of Years | Simple Interest Calculator

# Calculate Interest Rate

## Calculate Interest Rate (R)

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.