Finance
Simple Interest Calculator
Calculate simple interest on a principal amount over a period of time.
Simple interest
₹12,000
Maturity amount
₹62,000
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How it works
Formula: SI = (P × R × T) / 100, where P = principal, R = rate, T = time in years.
Example: ₹50,000 at 8% for 3 years → SI = ₹12,000; maturity = ₹62,000.