Simple Interest Calculator - SI for daily, monthly and annually

Domainconverters > Math Solvers > Daily, Monthly and Annually Simple Interest Calculator.

What is Simple Interest ?

Simple interest is the amount of the interest charge on a loan.

Simple Interest Formula : SI = P x R x T / 100. for example if principal amount is $600 and rate of interest is 5% annually for 2 yrs, then interest will be $600 x 5 x 2 / 100 = $60.

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