Loan Interest Calculator

Calculate simple or compound interest with effective annual rate

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Interest Type

Principal Amount (₹)

₹

Annual Interest Rate (%)

Time (Years)

Formula: I = P × R × T / 100
A = P + I

Total Amount

₹1,24,000

Simple Interest · 3 years

Principal

₹1,00,000

Total Interest

₹24,000

Effective Annual Rate (EAR)

8.0000%

Principal 80.6%Interest 19.4%