What is an Interest Calculator?

An Interest Calculator helps determine the total interest and final amount for simple and compound interest scenarios.

How to Use the Interest Calculator?

• Enter the principal amount.
• Provide the annual interest rate.
• Enter the time duration in years.
• Select the interest type (Simple or Compound).
• Click "Calculate" to see the results.

Why Use an Interest Calculator?

It helps in financial planning, loan estimations, and investment growth analysis with ease and accuracy.