This calculator is very useful for calculating the amount of interest and total amount easily and quickly.

how to use this calculator first choose a currency, if your currency does not exist, choose others. Enter the value of the principal amount, annual interest rate, time period (days / weeks / months / quarters / yearly) then push the calculate button to get the calculated amount of interest and total amount.

## How to Calculate Simple Interest?

= | principal amount | x | rate | x | n |

m |

simple interest amount is equal to the principal amount multiply by annual interest rate divided by (m) the number of periods per year, multiplied by (n) the number of periods.

**Example**:

1. If principal amount of $20.000, annual interest rate of 12% and time of 24 months. Calculate Interest amount and total amount?

Solution:

= | $ 20.000 | x | 12 % | x | 24 months |

12 months/year |

Interest Amount | = | $ 4800 |

Total Amount | = | $ 24.800 |