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Simple Interest Calculator

Enter your own figures to calculate simple interest with straightforward finance maths and clearly visible assumptions.

Inputs

Enter your values

Principal must be greater than zero.

Years must be greater than zero.

Input guide

These are the main values the calculator uses. Keep the units consistent and, where relevant, match the assumptions explained in the related guide.

Input

Principal

Unit: GBP

Enter the value using the unit shown on the field.

Input

Annual rate

Unit: %

Enter the value using the unit shown on the field.

Input

Years

Unit: years

Enter the value using the unit shown on the field.

Formulae

Interest = principal x rate x time

When To Use This Calculator

Use this calculator when you need a simple interest estimate from values you control yourself.

How To Read The Result

The main result appears first, with supporting figures underneath to make the calculation easier to check and compare.

Assumptions And Limits

These calculators apply the mathematics shown on the page only. Fees, taxes, regulation, and commercial terms should be handled separately unless you enter them explicitly.

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