Simple interest is calculated only on the principal amount, whereas compound interest is calculated on the principal plus any interest already earned.

Enter the principal amount, interest rate, and time in years. Select either simple or compound interest, then click “Calculate” to see the results.

Yes, simply enter the total number of years in the “Time” field. The calculator will compute both simple and compound interest based on your selection.

Yes, the calculator works for any currency. Just enter the principal in your currency, and the interest will be calculated accordingly.

Absolutely! The calculator is fully responsive and works on desktops, tablets, and smartphones.