Simple & Compound Interest Calculator
Calculator
Simple Interest:
Simple Amount:
Compound Interest:
Compound Amount:
Difference:
Growth Graph
Difference Between Simple and Compound Interest
| Feature | Simple Interest | Compound Interest |
|---|---|---|
| Formula | P×R×T/100 | P(1+r/n)nt |
| Interest On | Principal Only | Principal + Previous Interest |
| Growth | Linear | Exponential |
| Best For | Loans | Investments |
| Returns | Lower | Higher Over Time |
Formulas
Simple Interest: SI = (P × R × T) / 100
Compound Amount: A = P(1 + r/n)nt
FAQs
What is Simple Interest?
Simple interest is calculated only on the original principal.
What is Compound Interest?
Compound interest earns interest on both the principal and previously earned interest.
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