How to Calculate Simple Interest?
Simple Interest calculator uses simple_interest = (Principal Investment Amount*Rate of interest*Time)/(100*31556952) to calculate the Simple Interest, Simple Interest is used to calculate the interest on the principal amount for a given time period and at a particular interest. Simple Interest and is denoted by SI symbol.
How to calculate Simple Interest using this online calculator? To use this online calculator for Simple Interest, enter Principal Investment Amount (A), Rate of interest (I) and Time (T) and hit the calculate button. Here is how the Simple Interest calculation can be explained with given input values -> 200000 = (1000000*10*63113904)/(100*31556952).