What is the simple interest formula?
SI = P × R × T ÷ 100.
Free tool
Simple & compound interest calculator
Compare simple and compound interest side by side.
Simple interest
₹2,000
Total (simple)
₹12,000
Compound interest
₹2,100
Total (compound)
₹12,100
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Common questions
What is the compound interest formula?
A = P × (1 + r/n)^(n×t), interest = A − P.
Which is higher?
Compound interest is higher because interest also earns interest.